On November 27th, Hampton Court Palace will play host to the Global Investment Summit: a one-day event set to be attended by over 200 leading world business CEOs. Here’s what it’s all about – and what the expectations are from this year’s event.
“Great British Ideas – Past, Present and Future”
The idea behind this year’s event is to showcase some of the great ideas that have come out of Britain, with the aim of showcasing opportunities for growth and attracting further investment.
These great ideas include those in the fields of advanced manufacturing, life sciences, agri-tech, quantum, AI, clean growth and fashion businesses, who will all be demonstrating just what Britain has to offer investors.
A full list of showcase companies can be seen on the Government’s website. But what success is it likely to have?
Reviving a struggling economy
The last Global Investment Summit, which took place in 2021, raised £9.7bn in foreign investment and was expected to create around 30,000 new jobs. So, could we see the same again this year?
The Government has stated that it expects to match this investment figure this November – or even surpass it. And investment is exactly what Britain needs.
An Ernst & Young report reveals that while the UK continued to be ranked second in terms of European Foreign Direct Investment (FDI) projects in 2022, project numbers fell compared with 2021 data. The plan has been to focus on value rather than volume when it comes to FDI projects – could the upcoming Global Investment Summit help on this front?
With the UK seeing the highest inflation of the G7 countries, many – including the TUC – believe that we are “teetering on the brink of inflation”. It may be that this summit has come at just the right time.
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