London Daily

Focus on the big picture.
Saturday, Aug 29, 2026

Ministers forced to delay flagship global investment summit

Ministers forced to delay flagship global investment summit

The second Global Investment Summit will now take place later than the government’s previously announced October date.
Ministers have been forced to delay a major event aimed at showcasing Britain’s credentials as a world-leading investment destination.

Sky News has learnt that the government is urgently seeking to finalise a date for its second Global Investment Summit (GIS), three months after publicly announcing that it would take place in October.

Whitehall sources said the summit was now expected to take place the following month because of scheduling challenges relating to diary commitments and logistics.

The inaugural event was held in October 2021 at the Science Museum, and was attended by prominent business figures including Bill Gates, the Microsoft founder, and Jamie Dimon, chairman and CEO of JP Morgan Chase.

Boris Johnson, the then prime minister, hailed £9.7bn of foreign direct investment deals announced that day, which the government said would be responsible for creating 30,000 British jobs.

In February, the government said this year's GIS would be attended by more than 200 bosses of multinational companies and investment corporations.

"The next Global Investment Summit is an opportunity to demonstrate what we can do as a nation, delivering on our ambition to be a world-leading destination for international finance and investment," Rishi Sunak, the prime minister, said.

Insiders at the Department for Business and Trade (DBT) said that Kemi Badenoch, its secretary of state, had made clear her priority to make the UK the leading investment destination in Europe.

They confirmed that this year's event would highlight British successes in areas including life sciences, deep tech, nuclear fusion and small modular reactors.

It would also, they added, seek to demonstrate that capital investment in Britain was being unlocked by post-Brexit financial liberalisation measures included in the 'Edinburgh reforms' outlined by the chancellor, Jeremy Hunt, earlier this year.

A separate investment summit aimed at driving more inward investment into Northern Ireland is expected to take place in September.

One government official acknowledged that there would be "a short delay" from the originally announced October date but added: "The important thing is that this summit is going ahead."

"Events like this will help deliver this and show the world's biggest investors just what a strong investment prospect the UK can offer," Ms Badenoch said in February.

She added: "Overseas investment has already led to 85,000 new jobs in 2021/22 alone, and I want us to go further, driving growth and putting more money in the pockets of hardworking Brits."

Preparations for the event come at a delicate time for perceptions of the UK as an inward investment destination, with car manufacturers including the Vauxhall-owner Stellantis warning of potential factory closures because of post-Brexit rules.

Sir James Dyson, the founder of the eponymous electrical goods brand, has been an outspoken critic of government policy, warning recently that the ambition of becoming a science and technology superpower had been reduced "to a political slogan".

The DBT declined to comment.
Newsletter

Related Articles

0:00
0:00
Close
UK Hospitality Industry Reports Stronger Summer Trading but Seeks Tax Relief
Reform UK Proposes £30 Tax Credit for Long HMRC Helpline Waits
Labour Debates Caps on Political Donations Ahead of Future Elections
England Accelerates Housing and Planning Reforms Amid Affordability Crisis
NHS Expands Walk-In Community Health Centers to 40 Locations
UK Regulators Expect Meta to Apply Stronger Child Safety Standards Globally
UK Groups Demand Faster Transport Decarbonization After Extreme Summer Weather
UK Launches 10,000 Work Experience Placements as Youth Unemployment Concerns Rise
UK Government Faces Difficult Autumn Budget Choices Over Defense, Spending and Taxes
UK Government Rejects Calls to Slow AI Data Center Expansion
IMF Raises UK Growth Forecast to 1% Despite Global Supply Chain Risks
UK Unsecured Loan Defaults Reach Highest Level Since 2009
UK Energy Price Cap to Rise 4% to Three-Year High of £1,723
More Than 30 Britons Reported Missing After Deadly Nepal-Tibet Floods
Royal Navy Tracks Russian Warships and Sanctioned Vessels in 72-Hour Operation
Police Intensify Investigation Into Organised Crime-Linked Violence in Middlesbrough
UK Small Businesses Face Continued Revenue and Tax Pressures, Federation Says
M&G Real Estate Buys West Sussex Affordable Housing Portfolio for £29 Million
Royal Navy Warship HMS Tamar Visits Cambodia for Regional Security Engagement
UK Government Brings Forward Benefit Payments Ahead of August Bank Holiday
Four Men Plead Guilty to Arson Attack on Jewish Community Ambulances in North London
Ofgem Raises Great Britain’s Household Energy Price Cap by Four Percent From October
UK Government Rejects Green Party Call for Artificial Intelligence Datacentre Moratorium
Millions of UK Benefit Recipients Receive Payments Early Ahead of August Bank Holiday
UK Prime Minister Meets Northern Ireland Leaders in Belfast Over Budget Crisis
Crypto Tax Gains Reach One Point Three Eight Billion Pounds Among UK Investors, HMRC Data Shows
UK Corporate Confidence Rises to Highest Level Since March, Lloyds Survey Shows
Mike Ashley Attacks UK Government Business Rates and Cost-of-Living Policies
Scottish Universities Face Two Hundred Million Pound Annual Funding Gap, Report Warns
Entertainment Figures Urge UK Government to Protect People From AI Voice Cloning
Manchester Airports Group Confirms Customer Data Breached in Cyberattack
Seven Charged Over Vandalism at Donald Trump’s Turnberry Golf Resort in Scotland
Nearly 23,000 UK Households Expected to Move Home on Busiest Day of 2026
UK Benefit Payments to Arrive Early Ahead of August Bank Holiday
Reform UK Pledges to Replace GDPR and Cut Tax Administration Red Tape
Andy Burnham Launches Work Experience Plan for One Million Young People Outside Education or Work
Andy Burnham Faces Labour Backlash After Dropping Support for Political Donations Cap
Andy Burnham Announces UK-Wide Summit With Leaders of Scotland, Wales and Northern Ireland
Met Office Warns of Heavy Rain and Flood Risk Across England and Wales After Summer Heat
Bank of England Warns AI Adoption Could Reduce Demand for Automatable Jobs
UK Confirms National Salmonella Outbreak With More Than 200 Cases
UK Airports Handle Record 81 Million Passengers Despite Middle East Disruption
Ofgem Raises UK Energy Price Cap by Four Percent to £1,723
Cyber Attack Hits Customer Data Systems at Manchester, Stansted and East Midlands Airports
TSA Unveils Major Airport-Security Overhaul as It Drops Gold+ Privatization Plan
CIA Chief Warned Russia Against Attacking NATO in Secret Moscow Mission
Raheem Sterling Charged With Dangerous Driving After Lamborghini Crash
The Secret Dolly Parton Kept Until Her Death: "She Was Much Sicker Than She Let On"
Middlesbrough House Fire Kills Woman and Seven-Year-Old Girl
Prince Harry and Meghan Markle Return to UK Amid Renewed Media Attention
×