By Claire West
Financial leaders and chief executives from around the world are set to gather in London for the Global Investment Conference (GIC) on 9 May.
The event will see global economic leaders discuss how we can boost business investment and global economic growth, and provide an opportunity to showcase the UK as a world leading investment destination.
Among 300 business leaders attending, speakers include Managing Director of the International Monetary Fund Christine Lagarde, German Finance Minister Wolfgang Schaeuble, Canadian Finance Minister Jim Flaherty, Chief Executive of Prudential Tidjane Thiam and Chief Executive of AON Greg Case.
Mayor of London Boris Johnson and senior Ministers including Edward Davey, Greg Clark, Lord Green and Lord Deighton will join key players from the financial arena including global chief executive officers, sovereign wealth funds representatives and corporate investors, representing organisations from 40 countries.
Trade and Investment Minister Lord Green said:
“The Government is committed to attracting more inward investment and promoting the UK as an attractive inward investment destination.
“Over the coming years, we aim to attract hundreds of billions of pounds in infrastructure investment, delivering major projects in partnership with companies and investors within the UK and overseas.
“The Global Investment Conference is a perfect opportunity to identify areas for collective action and examine opportunities for global investors and companies. Together we can fire up economies and drive prosperity, all over the world.”
Key themes at the conference will include international economic growth; global business investment in the year ahead; areas for collective action, and the opportunities arising for global investors and companies. They will also focus on the energy, infrastructure, and professional and financial services including insurance and asset management, where the UK is a global leader. The Government will also present the UK’s preliminary foreign direct investment figures for 2012/13.
The conference will be followed by the G7 Finance Ministers’ meeting on 10 May, part of the UK’s presidency of the G8 in 2013, in which the government has put the focus on more free trade, fairer tax systems, and more transparency.
The GIC is a major opportunity for the UK and our partners to show leadership in the fight to tackle global economic challenges and examine the opportunities to generate new investment and international trade.
It builds upon a major investment conference held last year as part of a series of 17 events at the British Business Embassy during the Olympic Games. These promoted the UK as the ideal place to do business, helping British firms to export and compete around the world.