The UK and Japan have announced new investment deals that will see Japanese firms invest more than £9bn on UK infrastructure and financial services and up to £9bn on UK floating offshore wind.
The announcement was made during a summit meeting at 10 Downing Street between UK Prime Minister Sir Keir Starmer and Takaichi Sanae, Prime Minister of Japan, who is currently visiting London as part of a European trip.
The two leaders announced numerous deals relating to technology and business cooperation, including the UK-Japan Frontier Technology Partnership. This new partnership will see the UK’s expertise in software and research combined with Japan’s hardware and manufacturing capabilities to accelerate developments in AI, quantum, nuclear and defence tech.
According to a statement from the UK government, the two countries recognise that now is the moment to invest in these technologies and “work together as like-minded and complementary innovation ecosystems”.
As an example, a formal partnership...