Nearly a thousand jobs are to be created in a major boost to communities across the UK after over 10 billion in investments were announced at today’s first Regional Investment Summit.

Over £10 billion in investment commitments were announced at the Regional Investment Summit in Birmingham yesterday.

Almost 1,000 high-quality jobs are to be created in the UK’s regions and nations, the Government claimed, with major investments in the key sectors of life sciences, AI and innovation.

They include £200m from Leeds United to redevelop its Elland Road ground and a Crown Estate acquisition in Oxfordshire for increased laboratory and manufacturing space that could boost UK GDP by £2.5bn.

There was a £300m commitment from Woven Capital, Toyota’s growth-stage investment arm, to build its European growth capital team in the UK, while Hines announced a £400m investment to support the £4bn Birmingham Knowledge Quarter, a centrepiece of the West Midlands Investment Zone.

The Government is also announcing two life sciences investments which it said would ‘unlock over £30m’. Biocomposites will expand its Keele facility which produce medical products which allow antibiotics to be administered directly into bone and soft tissue, while Sterling Pharmaceuticals will build a 60,000 sq ft centre in Birmingham.

Atos is announcing £10m for AI centres.