David Cameron has spoken at the opening of the Global Investment Conference today.
The event brings together business leaders, government ministers, policy-makers and investors from around the world, providing a unique opportunity to address how we pursue global growth and partnerships.
The conference kicks off the largest and most ambitious set of trade and investment events ever held in this country and is the first of a series of global business summits being held in London to showcase the UK during the Olympic and Paralympic Games.
The series of events has been kicked off with the announcement from the new owners of the Battersea Power Station that the development value of the project is expected to be £8 billion, and is expected to provide 20,000 construction jobs and 13,000 permanent jobs.
Businesses are also anticipated to announce deals and projects in the UK worth another £1 billion during the summer.
Announcements already made include:
£4.5 billion investment in the intercity express programme, creating more than 900 jobs, investing in more trains and infrastructure for the existing diesel intercity high speed train services
Plans to boost renewable energy that could see a £25 billion of new investment in the economy over the next few years. This supports jobs and delivers more clean power whilst reducing the impact on consumer bills
Jaguar Land Rover’s expansion of its Castle Bromwich plant creating 1,100 jobs
The recent securing of over £2 billion deals for the UK at the Farnborough air show which was attended by the Prime Minister and six Cabinet ministers.
The Global Investment Conference comes on the day that inward investment results show that in 2011/12, inward investment created 52,741 new jobs and safeguarded a further 59,918 jobs.
Chancellor George Osborne said: “Britain has always been a country that is open to the world. In hosting the Olympic Games, we are showcasing that openness. As we welcome the world’s best athletes, we also welcome the world’s best companies – so that they can succeed, invest, and create jobs in Britain.”
The Mayor of London, Boris Johnson, said: "For the next month, I have transformed City Hall into 'London House', our showroom to the world, where wealthy international investors will be able to gather to see and hear why the best returns can be found in our great city which offers everything to ensure businesses not only succeed but thrive in the global market."