Three months ago, the British electorate called for change, envisioning a nation that prioritizes its working people, fosters economic growth, rejuvenates the NHS, and increases financial security for all.
I am committed to realizing this vision, but it hinges on restoring investment to Britain.
This investment is crucial for revitalizing our industrial heartlands and generating quality jobs in emerging sectors like wind and solar power, as well as carbon capture and storage.
Today, we’ve unveiled a substantial funding commitment of up to £21.7 billion over the next 25 years to establish a significant clean-energy industry in our country.
This groundbreaking initiative promises to create 4,000 quality jobs and attract billions in private investment to areas like Teesside and Merseyside, potentially supporting 50,000 jobs in the long run while energizing the entire nation.
The ripple effects of this investment will benefit the supply chain, offering opportunities for pipe welders, mechanical engineers, site managers, and surveyors.
New initiatives focus on sustainable industries, ensuring opportunities for communities nationwide.Unlike in the past, where entire industries crumbled and communities suffered from job losses, this government is focused on inclusive economic management.
We are collaborating closely with businesses to invest in key industries critical for Britain’s future success, including clean energy.
The launch of Great British Energy, a public energy company dedicated to investing in sustainable energy solutions, and our new national wealth fund are pivotal steps in unlocking private investment and breaking down barriers to economic growth.
Looking ahead, in less than two weeks, Britain will host its inaugural international investment summit, attracting the world’s leading companies and investors.
This summit will showcase our strategic industrial plans, and stability in the economy, and celebrate our country’s strengths: an excellent education system, a robust legal framework, and exceptional talent in engineering, science, and technology.
Ultimately, the focus is on jobs—decent, well-paying positions that empower individuals and families.
This government is dedicated to creating opportunities that allow young people to thrive within their hometowns rather than seeking opportunities elsewhere. This is the change we are committed to delivering.