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Good morning Ladies & Gentlemen and welcome to the 2023 Global Investment Summit.聽

Thank you to everyone who has travelled from across the globe to be here today to mark the next chapter in this country鈥檚 future.聽

Two years ago at our inaugural Global Investment Summit, we were still in the throes of a pandemic, yet investors put a near 拢10 billion vote of confidence in our country because they saw the huge potential for growth that we had to offer.聽

It sowed the seeds for our hugely successful Northern Ireland Investment Summit in September which put Belfast and Northern Ireland firmly on the global boardroom map.

And as a growing science and technology superpower, the Prime Minister held our first-ever AI Summit earlier this month to ensure the UK is at the forefront of a pioneering world of artificial intelligence.聽

Now, it won鈥檛 come as news for many of you in this room, but the UK is already a fantastic place to invest.聽That鈥檚 why you鈥檙e here.

We are now third in the world for total inward investment, currently standing at $2.7 trillion, and are the top destination in Europe for FDI projects. We have attracted more greenfield FDI than Germany and France combined.

We also have the most valuable tech sector, only the third in the world to reach $1 trillion in value.聽

Last year alone we created 112,000 jobs in all corners of the UK from inward investment, with many more being created here today.

Since the Department for Business & Trade was formed just a few months ago, we have seen even greater investment in this country.聽

In my first few days as Business Secretary, I ushered in a momentous deal for Airbus and Rolls-Royce providing new aircraft for Air India.

In September, BMW announced a transformation of their Oxford Mini plant which secured 4,000 jobs, with Stellantis pledging 拢100 million for electric vehicles at Ellesmere Port.

Our investment minister Lord Johnson signed a 拢10 billion MoU with Marubeni just last month for green projects.

Tata Group have pledged 拢4 billion to create a new gigafactory site in Somerset which will transform our battery supply chains and create thousands of jobs.聽

And last week, we saw 拢21 billion of Korean investment in renewable energy, life sciences and tech during the South Korea State Visit.

And on Friday we secured 拢2 billion from Nissan for their sites in Sunderland, which will help secure thousands of jobs.聽

And that鈥檚 not to mention the global leadership we are showing in free and fair trade.

Such as joining the CPTPP trading bloc, ushering in our first post-Brexit free trade agreements with Australia and New Zealand, and unlocking 拢6.5 billion of fresh export opportunities across 75 markets in the last year alone.聽

We鈥檙e also taking huge steps to ensure that the UK鈥檚 manufacturing sector is a world leader in innovation.聽

Yesterday I launched our 拢3 billion Advanced Manufacturing Plan which will invest in the long-term future of our innovative manufacturing industry by reducing costs and removing barriers to business.

This comes off the back of the UK鈥檚 manufacturing sector leapfrogging France to become the eighth biggest in the world.

But we cannot stand still. 皇冠体育app world is changing fast, and the global economy is a very competitive place.聽聽

Just months ago our historic trade deal with Australia came into force - since then we鈥檝e secured 拢10 billion from IFM Investors and 拢5 billion from Aware Super to turbocharge green transition, infrastructure, tech and life science projects, as well as 拢100 million from Patrizia for sustainable housing projects.

As part of a total 拢12 billion programme, Ibedrola have today confirmed 拢7 billion for our world-leading renewables sector, with Partner Groups鈥� portfolio companies North Star and Gren committing 拢1 billion and 拢500 million for new offshore wind infrastructure and community energy projects respectively.

And the UK tech scene continues its world-leading charge, with combined investments totalling nearly 拢6 billion from Microsoft, BioNTech, Yondr, the Ellison Institute, Aira, Oxford Quantum Circuits and MediaTek.

皇冠体育appse investments total nearly 拢30 billion - a colossal vote of confidence in the UK, proving further how we are one of the best places in the world to invest.

But I want to take this further.聽聽

I want the UK to be even more innovative, even more dynamic and even more successful.聽I want business to look at the UK and see it as a dynamo for investment, free trade and growth.聽

I have said that my door is always open.聽My office is called the Department for Business.

I want your ideas on how we can create a more friendly common-sense regulatory environment; what things we should be doing differently rather than sticking to the status quo.聽

I want to move away from just seeing regulation as the solution, and focus instead on solving your problems.

皇冠体育app numbers speak for themselves, and at today鈥檚 summit you will see why we鈥檙e already on the path to even greater things.

I鈥檓 delighted to welcome the Prime Minister, Rishi Sunak, to the stage to tell us more.