Gordon Brown sells Britain as Europes best place to invest in

By Rupert Neate Published: 10:48PM GMT twenty-one February 2010

The Prime Minister will be assimilated by Lord Davies, the traffic minister, and Alistair Darling, the Chancellor, as he attempts to convince 250 arch management team from opposite the universe to collect the UK forward alternative European countries.

Mr Brown will discuss it delegates, together with Jonathan Ive, the British contriver of Apple"s iPod and iPhone, that some-more than 800,000 British jobs have been combined by central investment in the UK given the spin of the millennium.

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Mr Brown will make use of the Global Investment Conference at the Saatchi Gallery in London to foster Britain as the majority scientifically and technologically modernized nation in Europe. The Treasury will additionally find to ease fears of a flourishing taxation and regulatory weight by edition a breeze taxation horizon for multinationals policy, that is dictated to encourage central investors that the UK is committed to a satisfactory and rival taxation regime.

He will discuss it representatives that the UK has perceived the majority investigate and expansion investment in Europe, has 4 of the world"s 6 majority appropriate universities and boasts the majority endless broadband internet marketplace of any G7 country.

Lord Davies has pronounced the discussion will concentration heavily on constrained central investment from China and India in an try to revoke the UK"s coherence on the US.

"We are still really majority contingent on US companies creation big investments," he said. "The direction is changing. We would similar to to see some-more Indian companies and some-more Chinese."

Investment from India increasing by 44pc last year, creation it the second-biggest financier in the UK, at the back of the US. China, that invested in 59 UK projects last year, is the eighth-biggest financier in the UK.

"The investment decisions of the universe commercial operation leaders who are entertainment in London currently will fool around a vicious purpose in the tellurian mercantile recovery," Lord Davies added. "By restoring flows of investment, and sparking innovation, we can foster mercantile expansion and wealth around the world."

Ma Weihau, boss of China Merchants Bank, the country"s fifth-largest lender, said: "London"s prolonged story as a monetary centre pushed us toward the UK. More than that, the close and building attribute in between the UK and China helped convince us to go with London."

Weimin Gao, authority of Shanghai Automotive Industrial Corporation (SAIC) Motor UK Technical Centre, said: "It is vicious for us to keep a close lane of tellurian developments in automotive technologies.

"The UK has regularly been a constrained place to invest, as it is at the forefront of automotive technologies and is a stepping mill in to Europe."

Xavier Rolet, arch senior manager of the London Stock Exchange, said: "London remains, initial and foremost, the majority rival monetary and services collateral in the world. Critical mass is very, really important. As a monetary capital, London has got everything.

"If you see at any of the heading monetary cities around the world, really couple of come close to London. Whether you go on the downward leg or the ceiling leg of an mercantile cycle, as prolonged as the vicious mass is maintained, in my perspective the rival on all sides of London is impregnable."