LONDON, June 13 -- The government of the United Kingdom issued the following news:
* UK and Japanunlocksignificantinwardinvestmentstotallingmore than £9billion in infrastructureand financial servicesandup to£9 billion inoffshore wind.
* Newtechnologypartnershipwillaccelerate cooperation on cutting-edgetech including AI, semiconductors,and quantum computing.
* Visitdrives forwardpartnership with UK's closest security partnerin Asia,markinga step change in the UK-Japan relationship.
The UKand Japanareexpected to agreeinvestmentcreatingtens of thousands of new jobs and more than £18 billion in economic gains,alongside a new partnership at the forefront of next-generation technologies.
Together the dealswill back British industriesacrosstechnology, clean energy, infrastructure development,andlife sciences, supportinglong-term growth across thecountry.These are sectors at the heart of the UK's Modern Industrial Strategy and buildingon a relationshipwith Japanalready worth £140 billion.
The Prime Ministerwillwelcome hisJapanese counterpart Sanae Takaichi toDowning Streettoday [Sunday]ahead of the G7 in Évian-les-Bains.
Japanese and British businessleaders will join the twoprime ministers fora roundtable discussiononfuture opportunities for economic growth whereover ten commercial and government agreementsare expected to besigned.
The visit delivers a major vote of confidence in the UK economy, with Japanese investors setting outafive-year investment pipeline worthmore than £9billion,expected tobuild new towns and provide high-quality office space and innovation hubs.
Prime Minister Keir Starmer said:
Theselandmarkagreements willbringmultibillion pound investment into the UK, creating tens of thousands of new jobs and driving new developments.
As G7 economies and close security partners,we are working togetherwith Japanonsome of the most innovative technology in the world, harnessing the best of British and Japanese research and industryto deliver growth and security to every corner of the United Kingdom.
At the heart of the visitwill bea landmark Offshore Wind Compact,developed in close partnership with Great British Energy to unlockup to£9 billion in Japanese investment into the UK's offshore wind sector.
Itwill supportthe development of5.9GW of floating offshore wind projects in the UK, including the Ossian and Green Volt projects off the East Coast in Scotland alongside the Erebus project in the Celtic Sea.
These pioneering projectswill support jobs across the country, and when built, generate enough clean electricity to power 8 million homes.
By boostinghomegrownclean energy, the deal will help reduce reliance onvolatile global fossilfuelmarkets, strengthen energy security, help getbillsdown for good,and makes the UK Japan's leading clean energy partner in Europe.
Hitachi Energy UKisset to createat least 500 new jobs over the next five years, providing vital expansion of the UK grid and bringing clean power that delivers growth. This includes 100 highly skilled roles at Hitachi Energy's newly openedGlasgow Centre of Excellence, and over £18millioninvestment ina purpose-built facility in Stafford.
Meanwhile, Rolls-Royce will deepen collaboration with Japan's Atomic Energy Agency signing a new agreement with the UK National Nuclear Laboratory to develop next generation nuclear technologies. And our national laboratories (UKAEA and QST) and leading private companies will deepen their collaboration on fusion energy.
Communities like Hatfield are set tobenefitfrom the package of deals, where Japanese life science firm, Eisai, is set to invest £48 million. The investment will create a new packaging facility for its innovative dementia treatment, backed by government funding.
Theleadersarealsoexpected to agree a newpartnership to accelerate cooperation onthetechnologiesof the future.Thecutting-edgeUK-Japan Frontier Tech Partnership (FTP),will seeBritish researchtranslated into scalable technology with Japanese investment,from AIandquantum,tocivil nuclear and defence tech.
Buildingonmomentum fromLondonTech Week,the FTPwill deliver groundbreaking impact for the UK and Japan. This includes Britishfirm ORCAComputinglanding a landmark export deal- one of the first times a major corporation anywhere in the world has bought a quantum computer.
For the first time, a formal partnershipbetweenthe UK Semiconductor Centre and Rapidus, Japan'sstate-of-the-art manufacturing facility,creates a direct pathway for the UK semiconductorsector to manufacturecutting-edgechipsused to power mobile phones, vehiclesand modern devices.
During the meeting, the Prime Ministers are expected toconfirm their shared commitment to the Global Combat AirProgramme, anddiscuss the launch of the next phase of the international programme, including through the international contract that will be signed by the end of the month.
AnewDefence Capability andIndustrialCouncil willfoster greater industrial cooperation between the UK and Japan, accelerating the development ofeach other'sdual-use technologies such as drones and artificial intelligence, helping UKdefencefirms access significant Japanese investment.
Disclaimer: Curated by HT Syndication.
