Rishi Sunak to launch £1.4bn fund to attract more overseas investment
The government will this week launch a £1.4bn fund to attract more overseas investment into the UK economy, particularly in key sectors such as life sciences and electric vehicle production.
In his budget announcement on Wednesday, the chancellor, Rishi Sunak, will also announce plans to lure highly skilled foreign workers and rip up red tape to make it easier for international companies to relocate to the UK.
International companies with “strategically important” investment proposals will receive grants towards their schemes, after they have been assessed to ensure they provide value for the taxpayer.
“We want to make the UK the best place in the world to start, grow and invest in a business, as we continue to support enterprise, create jobs,
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