Ahead of the upcoming state visit of President Donald Trump, the UK government announced over £1.25 billion ($1.69 billion) in new commitments from large U.S. financial firms. The funding is expected to create about 1,800 jobs across London, Edinburgh, Belfast, and Manchester. Officials said the investments also aim to deepen the trade link between the two countries, which the government values at £20 billion.
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Earlier reports have already claimed that Nvidia (NVDA) CEO Jensen Huang will accompany the president on his trip to the UK, with Apple’s (AAPL) Tim Cook also being invited to join Trump’s upcoming state visit.
Bank of America (BAC) will open its first operation in Northern Ireland, with plans to hire up to 1,000 staff in Belfast. Meanwhile, Citigroup (C) said it will commit £1.1 billion to its UK base, including further growth in Northern Ireland. In addition, S&P Global (SPGI) confirmed over £4 million in funding in Manchester to support 200 new permanent jobs.
Another is PayPal (PYPL), which was also listed in the companies making pledges, but no investment figure was shared. Furthermore, BlackRock (BLK) announced that it will allocate £7 billion to the UK market in 2026 and has opened a new office in Edinburgh, nearly doubling its local team.
Government Response and Next Steps
UK trade minister Peter Kyle said these deals highlight the strong ties with one of the nation’s main trading partners. In addition, Finance Minister Rachel Reeves said the investments will help spark growth and add income for families across the regions. Together, officials framed the deals as both a vote of confidence and a way to bring more capital to UK workers.
Alongside the investment announcements, the UK and the U.S. plan to sign a new technology pact in the coming days. This move will aim to build closer work between their large tech markets. Finally, the timing of the announcements comes as Trump prepares for a three-day state visit starting Tuesday, where trade and growth will be in focus.
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