Prime Minister Sir Keir Starmer has announced that French and Indian companies will invest £1.3 billion into clean energy and artificial intelligence projects in the United Kingdom, creating more than 1,400 jobs across Manchester, Leeds, and Birmingham.
Key Investments Announced
The largest single investment is £1 billion from French private equity firm InfraVia, which will fund battery storage and a flexible energy platform designed to boost supply when renewable energy generation is low. Additionally, India's Hexaware Technologies will contribute £25 million, while Atri Energy Transition will invest £300 million to develop large-scale battery storage.
Prime Minister's Statement
Speaking at the G7 summit, Sir Keir Starmer emphasized the importance of these investments: "The world is more dangerous than it has been for a generation, with conflict abroad washing up on our shores. That's why I'm focused on making the UK the best place to do business by offering global investors the stability and competitive environment they need to grow, even in the face of global uncertainty." He added that the investments will "create thousands of high-skilled jobs, back British innovation and strengthen our energy system so families are better protected from global shocks."
Broader G7 Context
The Prime Minister is working with G7 partners to ease pressures on global energy markets. Efforts include stabilizing key shipping routes and de-escalating tensions in the Middle East, which aim to help bring down household costs.
