15bn of infrastructure investment to create jobs

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Posted by APM on 18th Aug 2014

Danny AlexanderThe government has announced plans for it to be easier than ever to invest in the UK with 15bn of new infrastructure projects available.

The infrastructure was showcased at the recent Commonwealth Business Conference in Glasgow, where representatives from Shell and Temasek International part of the Singaporean sovereign wealth fund were in attendance.

The conference heard how foreign investment created almost 67,000 jobs in 2013.

Danny Alexander, chief secretary to the Treasury (pictured), hailed foreign investment as a win-win.

He said: The UK is one of the best places to invest in the world and we need to capitalise on that success.

Top quality infrastructure, such as road, rail and energy and digital, fuels growth and improves our daily lives. Thats why foreign investment into our infrastructure is a win-win situation.

The US funded nearly 500 new projects in the UK last year, while the UKs manufacturing industry attracted the most inward investment with 310 projects creating more than 31,000 new jobs. Annual investment figures show that the UK attracted 14 per cent more projects than in the previous year.

Lord Livingston, minister for trade and investment, said it had been an exceptional year for foreign investment as new projects created the highest number of UK jobs since 2000.

Prime Minister David Cameron added: I promise this Government will continue to work on behalf of every hardworking business in the UK to drum up trade, encourage investment and pave the way for growth so we can generate jobs and create a brighter future for our country.

Image: Liberal Democrats under Creative Commons license.

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