The Chancellor of the Exchequer Rachel Reeves has joined North East Mayor Kim McGuinness in Washington DC this week to drum up investor opportunities in the North East.
Reeves hosted an ‘Investors Roundtable’ during the IMF Spring Meetings which was attended by Kim McGuinness and key investors and companies with a strong interest in driving investment in the UK.
In Washington, the Chancellor has been setting out how she will go further and faster on her economic plan to build a stronger and more resilient economy by delivering stability, boosting investment and driving reform.
Last month she set out how greater investment in regions outside of London and the South East will be one of the biggest growth opportunities for the country.
Rachel Reeves, Chancellor of the Exchequer said:
“The opportunities on offer in the North East are huge. Whether it’s supporting its existing strengths in car manufacturing, backing the region’s net zero sector - a primary industrial opportunity, or getting behind the trailblazers in AI, this government is putting its weight behind the region, and there’s no doubt it’s an attractive destination for businesses from around the world to invest in.
“The North East has the talent, ambition and vision - now with government and business working in partnership to back the North East we will drive growth, boost jobs and put more money in people’s pockets.”
North East Mayor Kim McGuinness said:
“I am working tirelessly to bring new investment and new jobs to the North East. We’ve already seen deals done with some of the biggest companies in Japan that will bring new jobs and opportunities to County Durham and the banks of the Tyne, so I am proud to now be taking our region’s exciting manufacturing, green energy and technology story to the United States.”