Brexit 'is not actually done' for UK says Nandy
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In October, Prime Minister Boris Johnson and members of the Royal Family will host a summit to encourage investment into green technologies as the UK attempts to become a global leader in renewable energy.
The Global Investment Summit will come ahead of the COP26 event in November.
It is believed the Royal Family will become the centrepiece of the Government’s post-Brexit marketing strategy.
A source at the Department of International Trade said involving the Royal Family was a “very deliberate move” to bolster Britain’s pitch to global investors.
The source told City A.M: “The monarchy is one of our biggest assets and an important part in our soft power appeal, so why not use it to benefit the country?”
This comes amid an ongoing “PR disaster” for the Royal Family following Prince Andrew’s scandal and Meghan Markle and Harry’s explosive interview with Oprah Winfrey.
Royal Family author Diane Clehane said: “The Royal Family is on the receiving end of a lot of scepticism from people who don’t understand the system.”
International Trade Secretary Liz Truss welcomed the summit as part of a shift to move to clean economic growth.
She said: “The UK was one of the first governments in the world to set a net-zero target by 2050 and we are still leading the global shift to clean economic growth.
“From wind turbines in Scotland to hydrogen development in Wales, the Global Investment Summit (GIS) will be a fantastic opportunity to secure investment deals into the best of British green industry, allowing us to build back better, stronger and greener.
“We look forward to rolling out the green carpet for some of the world’s leading businesses, helping to drive investment into all corners of the country.”
Gerry Grimstone, Minister for Investment, added: “The UK is one of the best investment destinations in the world and we are thrilled to be hosting a Global Investment Summit that will boost green investment, jobs and growth.
“Around the world, investors are looking to sustainability, whether that be in technology, real estate and construction, finance, automotive or energy.
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“Individuals and businesses are heightening their interest in industries of the future, and there is no better place to invest than in the UK’s already vibrant clean and green industries.”
Daniel Hodson, chair of the CityUnited lobby group and ex-Nationwide Buiding Society chief said the City “has to be on its toes”.
He said: “It’s clear the City has to be on its toes.
“The promotion and need for relatively fast regulatory reform is clearly underlined – it’s important now that we do these things quickly.
“We need to be in the forefront of financial innovation and green investment is an area that is top priority.”
Since the Brexit referendum in 2016, France has attempted to steal capital and investment from the UK.
France’s finance minister Bruno le Maire said Brexit would be “fabulous for France”.
Last year, Mr Macron declared his intent to make Paris into the “leading financial centre” in Europe.
Paris already has a headstart on other European cities in that it hosts several of the EU’s top banks, the pan-European Euronext stock exchange and the European Securities and Markets Authority (ESMA).
It has the second-largest asset management industry in the world and the largest European bond market.
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