Key facts
- UK and Japan are set to agree investment and technology partnerships valued at over $24 billion (£18 billion).
- The deals are projected to generate tens of thousands of jobs.
- Japanese investment includes a five-year pipeline of over £9 billion in UK infrastructure and financial services.
- Up to £9 billion is allocated for UK offshore wind projects, supporting 5.9 gigawatts of capacity.
- A new technology partnership will focus on AI, semiconductors, and quantum computing.
Britain and Japan are on the verge of finalizing significant investment and technology partnerships valued at over $24 billion (£18 billion), with the aim of creating tens of thousands of jobs. Prime Minister Keir Starmer is set to meet with his Japanese counterpart, Sanae Takaichi, to formalize these agreements.
The comprehensive deals include a substantial five-year investment pipeline from Japan, amounting to more than £9 billion, directed towards UK infrastructure and financial services. Additionally, plans are in place to unlock up to £9 billion for UK offshore wind projects, which are expected to support 5.9 gigawatts of capacity across Scotland and the Celtic Sea.
Beyond energy and infrastructure, the two nations will launch a new technology partnership focused on critical areas such as artificial intelligence, semiconductors, and quantum computing. Several companies, including Hitachi Energy, Rolls-Royce, and Eisai, are anticipated to announce their own investments and collaborations in fields like power grid expansion, nuclear technology, and life sciences as part of this initiative. These agreements are expected to be signed during Takaichi's visit, preceding the G7 summit in France.