← NewsAll
Irish investment into UK is part of 'flourishing' ties, Keir Starmer says
Summary
Officials announced about £937 million of new Irish investment into the UK at the UK‑Ireland summit, expected to create around 850 jobs across several regions.
Content
More than £900 million of new Irish investment into the UK was announced at the second UK‑Ireland Summit in Cork. Prime Minister Sir Keir Starmer presented the funding as part of closer cooperation between the two countries. He met Irish Premier Micheal Martin as ministers and business leaders held talks on energy and infrastructure. Officials said the investments are intended to support jobs and deepen ties.
Key details:
- The article states a total of £937 million in new investment from Irish companies, expected to create about 850 jobs across London, Doncaster, South Wales and Scotland.
- Gas Networks Ireland is reported to be investing £170 million.
- Amach is reported to be investing £45 million and creating 150 jobs; Focus Capital Partners is reported to be investing £3 million; Ayrton Group will invest more than £1 million in its UK arm and expand its London team.
- A Wales‑to‑Ireland electricity interconnector is expected to provide enough power for about 570,000 homes and represent at least £740 million of private investment.
- A separate connector between Northern Ireland and Ireland is reported to aim at lowering electricity costs on the island.
- The UK and Irish governments are expected to discuss exercises to test subsea fibre‑optic cable resilience and a refreshed UK‑Ireland Defence Memorandum of Understanding addressing shadow fleets and related threats.
Summary:
The announced investments and planned energy links were presented as part of broader efforts to deepen cultural, commercial and security ties between the UK and Ireland. Officials said the projects are intended to support jobs and strengthen energy resilience. Ministers were expected to continue talks at the summit on energy connectors, subsea cable resilience and defence cooperation, but further timing and specific decisions were not specified.
