The Government has announced £150 billion of new US investment in the UK, coinciding with President Donald Trump’s second state visit. The funding is expected to generate around 7,600 skilled jobs across the country.
Prime Minister, Sir Keir Starmer, hailed the announcement ahead of talks with Trump at Chequers. He said: “When we back British brilliance, champion our world-class industries and forge deeper alliances with friends like the US, we create growth and opportunity for generations to come. These investments show Britain’s economic strength and our ambition to lead.”
The largest pledge comes from asset manager Blackstone, committing £90bn to develop data centres, adding to the £10bn it previously announced. Other significant investments include £3.9bn from real estate firm Prologis and £1.5bn from software company Palantir.
The wave of investment will be underpinned by a new technology prosperity deal, due to be signed by Starmer and Trump during the visit. Senior US technology leaders, including Apple’s Tim Cook and OpenAI’s Sam Altman, attended the president’s state banquet at Windsor Castle.
Despite the positive news, concerns remain over trade policy. Reports suggest the UK has paused plans to reduce US steel tariffs from 25% to zero, an agreement struck earlier this year. Industry leaders expressed frustration at the delay, warning that the sector continues to face severe financial pressures.
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