This significant event will feature executives from major companies, including Google, Wayve, and Brookfield Asset Management, alongside former Google CEO Eric Schmidt.

Confirmed speakers include Ruth Porat from Alphabet, Bruce Flatt from Brookfield Asset Management, and Alex Kendall from Wayve.

The summit aims to signal to investors that the UK is open for business and to encourage private investment in the economy.

Notably, Elon Musk publicly criticized the UK for not inviting him to the summit, reflecting ongoing tensions in the tech investment landscape.

The UK's first international investment summit is set to take place on October 14, 2024, with the goal of increasing foreign direct investment to stimulate economic growth.

On the same day as the summit, Prime Minister Keir Starmer will host the first Council of Nations and Regions in Scotland to discuss investment strategies with regional leaders.

The Labour government hopes the summit will boost investment in the UK ahead of the budget announcement scheduled for October 30.

Barclays CEO CS Venkatakrishnan noted that the summit could enhance investor confidence in the UK's economic growth priorities.

The government has emphasized that the event will facilitate long-term partnerships with businesses to bolster investment confidence.

Some business leaders have criticized the timing of the summit, arguing it is poorly timed just before the budget when key policies remain unknown.

In recent developments, the government announced a £21.7 billion ($28 billion) investment for carbon capture projects, highlighting its commitment to sustainable initiatives.

However, Labour sources have indicated that the government will not announce its industrial strategy before the summit, which is crucial for guiding investment.