Published: January 22, 2026 at 9:04 am
Chancellor Rachel Reeves has announced a new £1 billion UK Social Investment Fund at the World Economic Forum in Davos, alongside confirmation of a £500 million investment in UK R&D and manufacturing from biopharmaceutical firm UCB.
The fund, backed by savings and investment group M&G, will target areas facing shortages in housing and transport, as well as communities in need of town-centre renewal and new education and health facilities.
It will also support investment in low-carbon and digital infrastructure linked to the UK’s net zero transition.
Around 850 CEOs of large companies and 64 heads of state have descended upon the Swiss town to navigate an increasingly tense geopolitical climate.