The boss of Blackstone, one of many world’s largest non-public fairness traders, is to headline the federal government’s flagship funding convention after courting a number of the world’s main businesspeople to attend.
Sky News understands that Stephen Schwarzman, the billionaire chairman, CEO and co-founder of New York-listed Blackstone, is to present a keynote deal with on the Global Investment Summit in London on November 29.
Blackstone has been one of the crucial prolific non-public fairness traders in Britain during the last twenty years, proudly owning firms corresponding to Center Parcs, the NEC exhibition centre and the Legoland proprietor Merlin Entertainments.
Mr Schwarzman is thought to be one of the crucial revered traders on the earth, having constructed Blackstone into an asset administration large with $1trn beneath administration.
Blackstone and the Department for Business and Trade declined to touch upon Monday.
In September, Sky News revealed that Whitehall officers had been courting Elon Musk, the Tesla billionaire and proprietor of the social media platform previously often known as Twitter, to attend the GIS as a part of makes an attempt to bolster Britain’s declare to be a number one magnet for abroad funding.
It is unclear whether or not Mr Musk is more likely to attend.
The authorities claims that the inaugural GIS, held in October 2021, secured £9.7bn of recent international funding, creating over 30,000 new jobs “and supporting growth in vital sectors such as wind and hydrogen energy, sustainable homes, and carbon capture and storage”.
Bill Gates, the Microsoft founder, and Jamie Dimon, chairman and CEO of JP Morgan Chase, had been amongst those that attended the 2021 occasion.
A spokesman for the Department for Business and Trade beforehand stated: “We look forward to welcoming around 200 CEOs and the world’s A-list investors to the second Global Investment Summit in November, to showcase why the UK is a top destination for international investment.
“Hosted by the PM and Business and Trade Secretary [Kemi Badenoch], attendees will hear first-hand how the federal government intends to construct upon the aggressive enterprise atmosphere that makes the UK one of many world’s most engaging funding locations.
“The Summit will drive investment into all corners of the UK, creating real benefits for local businesses and communities including economic growth and jobs.”
Sources say that this yr’s occasion will intention to spotlight British successes in areas together with life sciences, deep tech, nuclear fusion and small modular reactors.
It would additionally search to show that capital funding in Britain was being unlocked by post-Brexit monetary liberalisation measures included within the ‘Edinburgh reforms’ outlined by the chancellor, Jeremy Hunt, earlier this yr.
The occasion shall be held throughout a fragile interval for perceptions of the UK as an funding vacation spot, with uncertainty over the financial outlook within the run-up to, and past, the subsequent normal election inflicting many firms to pause funding selections.
Source: information.sky.com”