The British Government is set to sign off a tech and investment partnership with Japan estimated to be worth around £18 billion.
If you are investment planning in Cheshire or Oswestry, the deal is forecast to create many tens of thousands of jobs across the United Kingdom. In a statement, the British Government confirmed a five-year Japanese investment package, valued at over £9 billion, in infrastructure, offshore wind, and financial services. The two countries will also launch a tech partnership focused on artificial intelligence, quantum computing and semiconductors.
Focusing on specific brands, leading companies including Rolls Royce, Hitachi and Eisai will announce collaborations and investments focused on life sciences, nuclear technology, and power grid expansion. Rolls Royce is deepening its ties with the Japanese Atomic Energy Agency by developing next-generation tech.
The boost for offshore wind is expected to see an additional 5.9 gigawatts of capacity for projects based in Scotland and further south across the Celtic Sea. If you are considering investing in the UK renewables industry, up to £9 billion is set to be unlocked for offshore wind projects.
On June 14, the Prime Minister Sir Keir Starmer met his Japanese counterpart Sanae Takaichi for talks ahead of the latest G7 summit of leading global economies. The two countries have committed to exploring new joint opportunities for economic growth, working with innovative technology whilst also strengthening their longstanding security partnership.
The Government is looking to help the defence industry attract more Japanese investment. Overall, more than 10 government and commercial agreements are due to be signed.
