Brexit Britain was hailed as a “dynamic and forward-looking economy” by Boris Johnson after the UK received £28.5 billion investment from Australia’s leading businesses.
Johnson celebrated the investment as he prepares to host a UK-Australia investment roundtable at Downing Street this afternoon. The Prime Minister will be joined by International Trade Secretary Anne-Marie Trevelyan and 10 Australian business leaders.
The investment also sees the UK emerge as Australia’s second-largest destination for foreign investment.
Championing the investment into Brexit Britain, the Prime Minister said: “I’m very proud to announce that Australian businesses are investing a colossal £28.5 billion in infrastructure, green technology and in new sustainable homes here in the UK.
“And that will mean tens of thousands of jobs that will help us to level up across the whole of the country.
“It’s fantastic news for our country and what it means is that we’ll be intensifying our friendship and our partnership with Australia but also driving huge numbers of jobs here at home.
“And it’s a fantastic example of Global Britain in action.”
The investment has also been lauded by businesses. Shemara Wikramanayake, the managing director and CEO at the Sydney-based firm Macquarie Group, said: “The UK was our first destination when we expanded internationally in 1989 and has remained a strong focus for our investment activity ever since.”
The news comes just three months after the UK signed its historic free trade agreement with Australia.