after newsletter promotion<\/p>\n<\/figure>\n

Labour sources told the Guardian last month that the government would not be ready to announce its industrial strategy before the summit \u2013 a policy business chiefs have said will be important for steering investment in the economy. A green paper is expected to be published alongside the budget to consult on its proposals before a full launch of the final plan early next year.<\/p>\n

The party pledged in the general election campaign to host the summit within the first 100 days of winning power to show that the UK would be \u201copen for business\u201d under a new government.<\/p>\n

The summit is sponsored by Barclays, HSBC, Lloyds, M&G plc, Octopus Energy and TSL.<\/p>\n

Barclays\u2019 chief executive, CS Venkatakrishnan, said the summit was an opportunity for the government to \u201cbuild further investor confidence based on its priorities for driving UK economic growth. The UK\u2019s stability, skills and history of innovation make it an attractive investment destination.\u201d<\/p>\n<\/div>\n<\/div>\n

Source: www.theguardian.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The former Google boss Eric Schmidt has been named as one of the high-profile executives attending the Labour government\u2019s first international investment summit. Schmidt, who was Google\u2019s chief executive from 2001 to 2011, is expected to play a prominent role at the summit in central London on 14 October, where he will take the stage…<\/p>\n","protected":false},"author":1,"featured_media":92403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\n