The government will on Monday welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration after a first hundred days marked by scandal and infighting.
Sky News has learnt that the International Investment Summit in the City of London will comprise more than £50bn of deal announcements – or roughly twice the £28bn unveiled at the previous comparable gathering held under the former Conservative administration.
The total figure to be announced on Monday was still being finalised this weekend amid continuing negotiations with companies.
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Sources said, however, that the final amount would “certainly” be in excess of £50bn.
The summit will be attended by executives from globally important companies such as Alphabet, BlackRock, Goldman Sachs and Deepmind.
In recent days, a row emerged involving DP World, which had been planning to announce a £1bn investment in the London Gateway port.
The company threatened to cancel its attendance at the conference and review the investment in the wake of comments by the transport secretary, Louise Haigh, labelling its P&O Ferries subsidiary “a rogue operator”.
After Downing Street officials intervened, the dispute appeared to have been resolved this weekend, with the investment proceeding.
Sky News can also reveal that the summit will include a behind-closed-doors session chaired by the business secretary, Jonathan Reynolds, and a number of chief executives.
Jonathan Reynolds is to meet with business leaders…
