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