The United Kingdom and Japan are poised to finalise a deal worth £18 billion (US$24 billion), aiming to boost the economy, strengthen technology collaboration and create new job opportunities in both countries.
UK Prime Minister Keir Starmer is set to announce, following discussions with Japanese Prime Minister Sanae Takaichi in London, leading the upcoming G7 Summit.
According to reports, the package will include more than 10 commercial and government agreements spanning investment, clean energy and advanced technology. A crucial part of the proposed partnership is a £9 billion offshore wind deal, reflecting the growth of renewable energy development by both countries.
The agreements are also expected to deepen collaboration in next-gen technologies. Rolls-Royce is set to partner with the Japan Atomic Energy Agency, planning to sign a new agreement supporting technological innovation and research cooperation between them.
During Takaichi’s visit, British and Japanese business leaders are scheduled to discuss future investment opportunities and ways to strengthen economic ties between the two nations.
Starmer said the agreements would bring multibillion-pound investments into the UK, support job creation and drive new developments across several sectors. He also highlighted the close relationship between the two countries as G7 economies and security partners, noting that cooperation in advanced technologies will contribute to growth and national security.
The two leaders are expected to discuss defence collaboration and try to facilitate greater Japanese investment in British defence companies.
The proposed investment package underscores the growing strategic partnership between the UK and Japan as both countries seek to expand cooperation in technology, energy, defence and innovation.
