UK, Japan set to agree $24 billion investment, tech partnerships
- The offshore wind component is expected to support 5.9 gigawatts of capacity across projects in Scotland and the Celtic Sea
Britain and Japan are forging over £18 billion in investment and technology partnerships, including offshore wind and AI, expected to create thousands of jobs.
- Over £18 billion in UK-Japan investment and technology partnerships.
- Japanese investment in UK infrastructure and offshore wind projects.
- New technology collaboration in AI, semiconductors, and quantum computing.
LONDON: Britain and Japan are set to agree investment and technology partnerships worth more than £18 billion ($24 billion), expected to create tens of thousands of jobs, as Prime Minister Keir Starmer meets his Japanese counterpart Sanae Takaichi on Sunday.
Here are some of the details as set out by the British government:
The agreements include a Japanese five-year investment pipeline of more than £9 billion in infrastructure and financial services, alongside plans to unlock up to £9 billion for UK offshore wind projects.
The offshore wind component is expected to support 5.9 gigawatts of capacity across projects in Scotland and the Celtic Sea.
The two countries will also launch a new technology partnership covering areas such as AI, semiconductors and quantum computing.
Separately, companies including Hitachi Energy, Rolls-Royce and Eisai are also expected to announce investments and collaborations spanning power grid expansion, nuclear technology and life sciences.
Other business and government agreements are expected to be signed during Takaichi’s visit, which comes ahead of the June 15-17 G7 summit in France.