If you are investment planning in Cheshire or other regional centres of clean energy, the UK is due to benefit from a major investment from Japan’s Sumitomo Corporation. The British Government has confirmed that the deal will support clean energy and infrastructure over the next 10 years.
The new Anglo-Japanese partnership will see £7.5 billion go towards UK infrastructure and related clean energy projects by 2035. The Government said targeted investments will be aimed at major hydrogen and offshore wind projects, as part of a broader drive to turn the UK into a global clean energy powerhouse.
The Government is keen to build new relationships with the Asia-Pacific region, in order to open up new green investment opportunities and increase economic growth in Britain. Trade between the UK and APAC is now valued at over £135 billion, and the Government’s Modern Industrial Strategy is designed to speed up the process by which international investors approach strategic UK sectors.
Speaking on behalf of the Government, the Minister for Investment, Baroness Gustafsson, said the UK was actively encouraging the green business sector, with significant investments in decarbonisation and clean energy. She added that such trans-continental agreements create high-end jobs while encouraging more investment further down the line.
For his part, Hajime Mori, Group CEO of the Sumitomo Corporation’s Transformation Business Group, said that his organisation was leveraging its strengths to drive growth by making several active investments in clean energy and decarbonisation, now designated as priority areas under the UK’s new industrial strategy.
