UK-Japan Partnership to Boost Clean Energy and Infrastructure Investments
Key Ideas
- The UK government has entered into a partnership with Japan's Sumitomo Corporation to invest £7.5 billion in clean energy and infrastructure projects by 2035, focusing on offshore wind and hydrogen.
- Sumitomo Corporation aims to drive growth in the UK's clean energy sector, aligning with the UK's commitment to becoming a clean energy superpower.
- This partnership supports the UK's Modern Industrial Strategy by increasing business investment in key growth sectors and creating high-value jobs.
- The Minister for Investment highlighted the importance of clean energy in driving economic growth, encouraging further investment and job creation.
The UK government has announced a new partnership with Japan's Sumitomo Corporation to boost investments in clean energy and infrastructure projects. This partnership aims to facilitate £7.5 billion of investment into key UK infrastructure and clean energy projects by 2035, with a focus on offshore wind and hydrogen initiatives. Sumitomo Corporation expressed its commitment to driving growth in the UK's clean energy sector, aligning with the UK's goal of becoming a clean energy superpower. The UK government sees this partnership as a step towards increasing long-term business investment in key growth sectors, in line with its Modern Industrial Strategy and Infrastructure Strategy. This initiative is part of the government's efforts to make it more attractive for businesses to invest in the UK and create high-value jobs. The Minister for Investment emphasized the significance of clean energy as a key growth sector, stating that deals like this will further boost economic growth, encourage additional investment in the industry, and create job opportunities.
Topics
Investing
Clean Energy
Infrastructure
Investment
Partnership
Asia-Pacific
Economic Growth
Green Investment
UK Government
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