# Japanese businesses pledge UK investment ahead of Sunak meeting
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-18
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Japanese Businesses Pledge £18 Billion UK Investment Ahead
Meta Description: Japanese businesses commit to major investments in Britain, including clean energy projects, as Prime Minister Rishi Sunak meets with business leaders during
URL: https://financedigest.com/japanese-businesses-pledge-uk-investment-ahead-of-sunak-meetinghtml

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# Japanese businesses pledge UK investment ahead of Sunak meeting

LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a meeting with Prime Minister Rishi Sunak on Thursday, including funding for offshore wind power and other clean energy projects.

Sunak is in Japan for a Group of Seven leaders’ summit and will meet business leaders as Britain prepares to join a trans-Pacific trade pact which includes Japan and Australia.

In a statement, Sunak’s government said companies attending the summit such as Marubeni Corporation and Sumitomo Electric Industries had pledged to invest in Britain.

It said Marubeni, a Japanese trading house, had [announced its intention to sign an agreement with the government which envisaged approximately 10 billion pounds of investment](https://www.financedigest.com/mastek-announces-multi-million-pound-investment-plan-uk.html "Mastek announces multi-million-pound IT investment plan for UK") in Britain with partners over the next 10 years.

Other firms planned to [invest in property](https://www.financedigest.com/new-brexit-guide-surrenden-invest-helps-property-investors-see-past-politics.html "New Brexit Guide from Surrenden Invest helps property investors see past the politics"), the statement said.

($1 = 0.7923 pounds)

(Reporting by Kate Holton; Editing by William Schomberg)


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