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Australian businesses commit to $38B new UK investment, Britain says - BusinessWorld Online

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Australian businesses have committed to investing $37.5 billion in sectors such as infrastructure and clean energy in Britain, the British government said following a UK-Australia investment roundtable. READ:

British Prime Minister Boris Johnson and International Trade Secretary Anne-Marie Trevelyan met with 10 Australian chief executives and senior executives on Wednesday evening to discuss the investments and opportunities for further collaboration.

It said this would include Macquarie’s Green Investment Group founding a new UK-headquartered global offshore wind development business Corio, and developing two new British offshore wind sites over the next decade. IFM Investors plan to deliver 3 billion in investment over five years to maintain existing assets such as Stansted and East Midlands airports, and create a new net zero fund to support large-scale infrastructure energy transition projects.

Last month AustralianSuper’s head of international investments told the Financial Times newspaper the fund expected to more than double its UK assets from 7 billion to more than 15 billion by 2026.

 

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