Birmingham is set for a share of 1,400 clean energy and AI jobs as French and Indian firms invest £1.3 billion in the UK, Prime Minister Sir Keir Starmer announced at the G7 summit.
Investment Details
The investment will bring more than 1,400 jobs to Birmingham, Manchester and Leeds. It includes £1 billion from French private equity firm InfraVia for battery storage and a flexible energy platform that can be switched on to boost supply when renewable energy is low.
Another £25 million will come from India’s Hexaware Technologies and £300 million from Atri Energy Transition to develop large-scale battery storage.
Prime Minister's Statement
The Prime Minister said: “The world is more dangerous than it has been for a generation, with conflict abroad washing up on our shores. That’s why I’m focused on making the UK the best place to do business by offering global investors the stability and competitive environment they need to grow, even in the face of global uncertainty. These investments will create thousands of high-skilled jobs, back British innovation and strengthen our energy system so families are better protected from global shocks.”
Broader Context
The Prime Minister is working with G7 partners to ease pressures on global energy markets, including efforts to stabilise key shipping routes and de-escalate tensions in the Middle East to help bring down costs for households.
