UK announces investment commitment from Iberdrola worth $8,055 million

Rishi Sunak, UK Prime Minister, announced new commitments Private investments in the country With a total of 29,500 million pounds – 34,000 million euros. Among them, he noted that the Spanish company will produce a new product Iberdrola Value 7.000 million pounds – 8.055 million euros-. According to the British government, Iberdrola plans to allocate £7 billion to the UK between 2026 and 2028, a figure unlike the £6.7 billion (€7.7 billion) already committed for 2023-2025.

Prime Minister's Office, Downing Street, I outline these processes through a statement compiled by Efe. The announcement is made before the call is made Global Investment Summit In Hampton Court Palace, on the outskirts of London.

Money invested

About two-thirds of the money invested between next year and 2028 will go to… Electrical transmission and distribution networks, In addition to projects such as the Eastern Green Link 1 (EGL1) submarine transmission cable, “which received regulatory clearance this month,” the memo says.

toThe investment summit will bring together the heads of large multinational companies and funds, Its investments will create more than 12,000 job opportunities, and will contribute to the development of various regions of the country, in the opinion of the executive authority.

Financial packages

The financial packages that will be announced during the conference correspond to sectors such as technology, life sciences and infrastructure Housing and renewable energy.

Prime Minister Sunak and Business and Trade Minister Kemi Badenoch will be in charge of opening the summit, which is also expected to be attended by business chief executives. Black stone, Stephen Schwarzman C. B. morgan chase, Jamie Dimon, Goldman Sachs, or David Solomon.

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In addition to Iberdrola, one of the other large investments to be made at the summit will be £10,000 million (€11,500 million) from the Australian Superannuation Fund. IFM Investors It aims to “pump” into infrastructure projects and Energy transition in the next four years.

Microsoft investments

On the other hand, Microsoft, according to the British government, will allocate 2.5 billion pounds (2.87 billion euros) to its artificial intelligence development centers in the United Kingdom. “Today’s investments… will create thousands of new jobs and represent a major vote of confidence in the future of the British economy,” Sunak said in the statement.

“The investments will create thousands of new jobs and are a major vote of confidence in the economic future.”

The plan, revealed by Economy Minister Jeremy Hunt, includes extending tax breaks for companies and new investment incentives, although it maintains the total… Financial pressures reach record levels

The Prime Minister, who claims to have made the “biggest tax cut in modern history” in the fiscal plan he presented this week, noted that attracting global investment was crucial. “At the center” of their economic development programme.

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