LONDON (Reuters) – The inaugural international investment summit of the new British government will showcase prominent figures from companies such as Google, Wayve, and Brookfield Asset Management (TSX:), as announced by the government on Saturday.
Scheduled for October 14, the summit aims to bolster foreign direct investment to stimulate economic growth, which has been a primary focus for Prime Minister Keir Starmer since his election in July.
Elon Musk, CEO of Tesla (NASDAQ:) and X, previously expressed disappointment after reports suggested he was not invited to the summit.
Confirmed speakers for the event include Ruth Porat, president and chief investment officer of Alphabet (NASDAQ:) and Google; Alex Kendall, CEO of Wayve; and Bruce Flatt, CEO of Brookfield Asset Management.
The summit is set to be sponsored by Barclays, HSBC, Lloyds (LON:) M&G, Octopus Energy, and TSL Group.
“The summit provides a platform for the government to forge long-lasting partnerships with businesses to drive investment in the UK and offer investors the certainty they need to fuel growth,” stated the government.
In addition, Starmer will convene the first Council of Nations and Regions in Scotland on Friday, gathering leaders from Scotland, Wales, Northern Ireland, and regional mayors from England to discuss investment and growth in preparation for the summit.
The government also announced a significant investment of 21.7 billion pounds ($28 billion) for carbon capture projects on Friday.
($1 = 0.7624 pounds)