The UK will continue to be a dependable ally for international real estate investors, according to Department for Business and Trade's investment minister, Lord Dominic Johnson, in a keynote speech given at Mipim 2024 in Cannes.
Addressing delegates, Johnson conveyed the UK's dedication to securing substantial investment and reflected on the active participation of major UK cities in real estate exhibitions, sharing the common goal of attracting international investment.
The push for greater devolution to city regions, led by various political figures, was cited as a factor that has rejuvenated political and civic leadership outside of London. The emergence of dynamic leadership in cities like Birmingham and Manchester is pivotal in drawing more investment into the UK.
One of the most notable investment successes highlighted by Johnson was the significant commitment in Somerset by a major international company, which he said signalled a robust vote of confidence in the UK's economic and industrial future and was part of a broader trend of investments that have bolstered the country's status as a leading destination for innovative industries, including electric vehicle manufacturing.