The Prime Minister will say that the government will 'end chop and change, policy churn and sticking plasters', which have deterred investors
In a major speech at the government's first International Investment Summit today, Prime Minister Keir Starmer vowed to eradicate unnecessary regulatory barriers to catalyse investment and boost economic expansion.
During his address in front of the world's premier business leaders gathered at the event at London's Guildhall, Starmer is set to commit to regulatory reform aimed at facilitating development across various sectors.
"Where [regulation] is stopping us building the homes, the data centres, warehouses, grid connectors, roads, trainlines, you name it then, mark my words we will get rid of it," he is poised to declare.
In addition to removing red tape, the Prime Minister will highlight the importance of consistent governance in attracting investment by stating, "We will rip out the bureaucracy that blocks investment and we will make sure that every regulator in this country takes growth as seriously as this room does."
Underlining the significance of private capital in the nation's revival, Starmer is anticipated to further remark: "Private sector investment is the way we rebuild our country and pay our way in the world. This is a great moment to back Britain", as reported by City AM.
The summit is also expected to be a platform for announcing multi-billion pound investments in burgeoning sectors such as artificial intelligence, life sciences, and infrastructure, with commitments from both industry leaders and government officials.
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