UK and Japan agree huge investment deal to create thousands of British jobs

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe UK and Japan have agreed a multi-billion-pound investment deal, with Sir Keir Starmer and his Japanese counterpart Sanae Takaichi hailing a "new era of co-operation" ahead of the G7 summit. The deal includes £18 billion in investments, comprising £9 billion in infrastructure and financial services, and up to £9 billion in offshore wind, expected to create tens of thousands of new jobs in Britain. A "landmark tech partnership" was established, connecting the UK's microchip design expertise with Japan's advanced manufacturing, specifically involving the UK Semiconductor Centre and Rapidus. This collaboration aims to create a direct pathway for the UK semiconductor sector to manufacture cutting-edge chips, strengthening the resilience of the UK's semiconductor industry. Both nations also committed to closer defence cooperation, with Ms Takaichi describing their relationship as "quasi-allies", and discussed global stability and resilient supply chains. In fullUK and Japan seal landmark deal worth £18bn as Starmer and Takaichi hail ‘new era’ in relationsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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