"As people on both sides of the Irish Sea feel the cost-of-living squeeze, we are investing in partnerships that make us better off and more secure. The UK's close friendship with Ireland is going from strength to strength, and this new investment is part of a much bigger picture of flourishing cultural, commercial and security ties."
"The investment comes from 15 Irish companies operating in sectors ranging from artificial intelligence and renewable energy to telecommunications and corporate services. The projects will support economic growth in communities across the UK, including London, Doncaster, South Wales and Scotland, and form part of a broader push to deepen economic and strategic cooperation between the two countries."
The UK and Ireland strengthened their economic partnership at the second UK-Ireland Summit in Cork, where Prime Minister Sir Keir Starmer announced £937 million in new Irish investment expected to generate around 850 jobs across the United Kingdom. Fifteen Irish companies are investing across sectors including artificial intelligence, renewable energy, telecommunications, and corporate services, with projects supporting economic growth in London, Doncaster, South Wales, and Scotland. Starmer emphasized that closer collaboration between the two nations is essential during global economic uncertainty and cost-of-living pressures. The investment reflects confidence in the UK's Modern Industrial Strategy and demonstrates the strength of cultural, commercial, and security ties between the countries. Enterprise Ireland data confirms the UK remains Ireland's most important export market, with nearly two-thirds of Irish companies maintaining physical presence in the UK.
#uk-ireland-economic-partnership #foreign-direct-investment #job-creation #industrial-strategy #international-trade
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