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18 April 2024

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UK, Japan set to agree $24 billion investment, tech partnerships

14-06-2026 08:36 AM


Ammon News - Britain and Japan are set to agree investment and technology partnerships ​worth more than £18 billion ($24 billion), expected to ‌create tens of thousands of jobs, as Prime Minister Keir Starmer meets his Japanese counterpart ​Sanae Takaichi on Sunday.

The agreements include a ​Japanese five-year investment pipeline of more than £9 ​billion in infrastructure and financial services, alongside plans to unlock up to £9 billion for UK offshore ​wind projects, according to the British government.

The offshore wind component is expected ​to support 5.9 gigawatts of capacity across projects in ‌Scotland ⁠and the Celtic Sea.

The two countries will also launch a new technology partnership covering areas such as AI, semiconductors and ​quantum computing.

Other business and government agreements are expected to be signed ⁠during ​Takaichi's visit, which comes ​ahead of the June 15-17 G7 summit in France.


Reuters




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