UK-US Tech Pact a welcome boost for innovation and trade

Wednesday 17 September 2025

The London Chamber of Commerce and Industry welcomes the Tech Prosperity Deal agreed between the UK and US as part of President Donald Trump’s second state visit to the UK. The partnership aims to deliver new healthcare breakthroughs, clean homegrown energy and more investment in local communities and businesses, with leading tech firms committing £31 billion to boost the UK’s AI infrastructure.

With the US standing as the UK’s largest individual export market for goods and services, as well as and its largest source of inward investment, strengthening this relationship is central to the success of London businesses. As the nation’s economic hub, and a major contributor to the UK’s export market, a thriving London economy will benefit the country as a whole.

The visit’s focus on economic cooperation, evidenced by the tech partnership, is an encouraging sign of intent to further strengthen and reinforce the well-documented ‘special relationship’ between the two nations.

The partnership builds on the recent trade agreement the UK government signed with the US, that came into force on 30 June 2025, protecting jobs and providing stability for exporters, particularly for UK carmakers, steelworkers and farmers. We now urge the UK government to build on this momentum, securing further trade deals that strengthen London’s business environment and create the open, stable and ambitious conditions in which UK firms can thrive.

ENDS