LCCI respond to PM's Global Investment Summit speech

Tuesday 19 October 2021

Responding to the Prime Minister’s speech at the Global Investment Summit, Richard Burge, Chief Executive of London Chamber of Commerce and Industry, said:

“Today, UK businesses, innovators and entrepreneurs have been rightfully recognised for their vital role in the fight against the COVID-19 pandemic and their importance in creating a green future for our country. The Global Investment Summit, and the £10bn pledged by global investors, proves the potential of the UK to make meaningful advances in tackling climate change on a global scale.

“This vote of confidence from international investors in the UK is welcome, but the championing of UK plc from the Government is long overdue, and must not been seen as ‘job done’. If we are to truly succeed in driving a green revolution the Government must continue to bang the drum for further investment deals in the UK, which are so important in keeping the wheels of our economy turning.

“And whilst London businesses will no-doubt benefit from the investment and creation of jobs announced today, greater recognition is needed for London’s role as the nation’s primary economic engine. Investment in London will have a multiplier effect, fostering greater innovation and entrepreneurship that will spread across the UK. The Government must ensure that the UK’s capital city remains at the forefront of its commitment to level up the country and its ambitions for a green future.”