UK, Japan Enter Into GBP 18 Billion Deal to Boost Clean Energy, Jobs, Next-Generation Tech
British and Japanese leaders are set to finalize an 18 billion pound sterling agreement expected to create "tens of thousands of new jobs" in offshore wind, infrastructure, and finance, according to a statement on Saturday.Under the deal, several Japanese companies committed 5-year investments to UK projects, including 2 billion pounds sterling by Mitsubishi Estate(TYO:3481), 3.8 billion pounds sterling by Mitsui Fudosan (TYO:8801), and 500 million pounds sterling by Nomura Real Estate (TYO:3231).Additional pledges include Mizuho Financial's 3 billion pound sterling expansion of its UK operations, Eisai's (TYO:4523) 48 million pound sterling government-backed facility upgrade, and an offshore wind compact facilitating up to 9 billion pound sterling for floating wind projects in the North and Celtic Seas.Legal & General also broke ground on a 135 million pound sterling London housing project in partnership with Nomura (TYO:8604), marking the firm's first UK homebuilding venture.Prime Minister Keir Starmer will host his Japanese counterpart and business delegates in London before the G7 meeting in France, where over 10 commercial and government agreements are expected to be signed.