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Revealed: Government spent more than £1m on one day investment summit

The flagship event held in London’s Guildhall last October attracted business leaders from around the world, but racked up a significant bill

By David Ricketts
The International Investment Summit was organised by the Labour government to showcase the UK as a destination for foreign investment. Was the money worth it?
The International Investment Summit was organised by the Labour government to showcase the UK as a destination for foreign investment. Was the money worth it? Photo: Hollie Adams/Getty Images

A flagship UK investment event last year that attracted global business titans including BlackRock boss Larry Fink and Goldman Sachs chief executive David Solomon cost the government more than £1m to host, Financial News can reveal.

The International Investment Summit, held in London on 14 October, was one of the Labour government’s first attempts to win over business leaders following its general election win three months earlier.

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