Britain and the United States have announced a record investment package worth a combined £150 billion as part of President Donald Trump’s state visit. The British government has described the deal as the largest commercial deal of its kind, saying it will create more than 7,600 high-quality jobs.
The bulk of the investment, around £90 billion, is coming from Blackstone, the world’s largest asset management company. The company plans to develop data centres and other projects in the UK.
In addition, Prologis will invest around £3.9 billion in biomedical and manufacturing, and Palantir will invest up to £1.5 billion in defence innovation, creating around 350 new jobs. Amentum has pledged to add more than 3,000 jobs, and Boeing will convert two 737 aircraft for the US Air Force in Birmingham.
The investment will be spread across the country, with 1,000 new jobs expected in Belfast and approximately 6,000 in Glasgow, Warrington, the Midlands, and the north-east of England.
Prime Minister Keir Starmer said the deal was a testament to Britain’s economic strength and open, ambitious policies. In contrast, Trade Secretary Peter Kyle said the investment reflected growing confidence in the UK’s industrial strategy.
The final agreements are due to be signed today as part of the Tech Prosperity Deal, which will provide a new boost to US-UK cooperation, including in the nuclear energy sector.
