Bank of America, Citigroup, and BlackRock Drive $1.7 Billion UK Investment
Bank of America, Citigroup, and BlackRock are set to drive a £1.7 billion investment in the UK. Bank of America will open its first operation in Northern Ireland, hiring up to 1,000 staff. Citigroup commits £1.1 billion to its UK base, while BlackRock plans to allocate £7 billion by 2026. S&P Global will fund £4 million for new jobs in Manchester. UK officials view these investments as a vote of confidence and a means to boost growth. A new technology pact between the UK and US is also on the horizon, coinciding with Trump's state visit.
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 included in the list of firms 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.
Using TipRanks' Comparison Tool, we've compared all the stocks that are mentioned in the piece. The comparison tool helps investors gain a wider examination of each stock and how it performs compared to their peers.
