British Prime Minister Keir Starmer has announced what is considered the largest investment package ever in the UK under the visit of US President Donald Trump.
Of the £150 billion, £90 billion ($12222 billion) is a commitment from private equity firm Blackstone to invest in the UK in the next decade. The money is in addition to the £10 billion (US$13.62 billion) the company has committed to an artificial intelligence data center earlier this year.
The announcement includes £3.9 billion ($5.31 billion) from investment firm Prologis and £1.5 billion ($2.04 billion) from technology company Palantir. The UK government said the investment package would create 7,600 high-quality jobs in areas including clean energy and life sciences.
Prime Minister Starmer emphasized, "with friends like the US", the UK can "help shape the future for future generations and bring a better life to people across the country".
"These investments are a testament to the UK's economic strength and a strong signal that our country is open, ambitious and ready to lead," the British leader added.
Sources from Downing Street said the £150 billion investment was higher than last year's figure and the prime minister was "very optimistic" because the figure exceeded expectations.
The announcement comes after another £20 billion investment commitment from US technology companies, including Microsoft, announced a $30 billion package ( £22 billion) - the largest package ever outside the US.
The technology deals are expected to be finalized during the UK Prime Minister's private meeting with President Trump on September 18.
President Donald Trump and his wife Melania Trump are on a state visit to the UK. On September 17, Mr. Trump and his wife took a helicopter to the Windsor castle grounds on the morning of August 19, riding a horse-drawn carriage with King Charles in the royal estate grounds, avoiding direct contact with the public due to security concerns.
After that, President Trump and his wife Melania attended a reception inside Windsor Palace chaired by King Charles. The reception was attended by a number of top corporate executives, including Apple's Tim Cook, Nvidia's Jensen Huang and OpenAI's Sam altman.
