The UK government has successfully secured £63 billion in investment pledges during its first international investment summit following Labour's general election victory.

Labour leader Keir Starmer hosted a series of high-profile events aimed at attracting global business leaders and securing foreign investment.

The summit was designed to communicate that Britain is 'open for business' after a prolonged period of instability under Conservative rule.

Starmer emphasized that wealth creation is a primary goal for Labour, while also highlighting the importance of maintaining regulations that protect workers' rights and safety.

Business Secretary Jonathan Reynolds noted the excitement among attendees, with some CEOs expressing curiosity about Labour's new direction.

The event featured prominent CEOs from major firms such as Goldman Sachs and BlackRock, underscoring the significance of private sector engagement.

Highlights of the summit included an exclusive reception with King Charles, entertainment by Elton John, and dining by Michelin-starred chef Clare Smyth at St Paul's Cathedral.

A total public investment of £27.8 billion will be managed through Labour's national wealth fund, which is merging with the UK Infrastructure Bank in Leeds.

More than £3 billion will be invested in transport infrastructure, including a £1 billion investment by DP World in the London Gateway container port.

Investments of £24 billion are pledged for clean energy, with Iberdrola planning to double its green power investment in the UK over the next five years.

A commitment of £21.7 billion has been made for carbon capture and storage over a 25-year period, expected to attract an additional £8 billion from the private sector.

Starmer reiterated the importance of private investment for the government's national mission, expressing a commitment to being pro-business while upholding Labour's core values.