Sir Keir Starmer is set to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions in foreign capital.

The summit, scheduled for around 8 October, aligns with Labour’s pledge to host the event within 100 days of taking office.

The date is expected to be confirmed soon, with invitations to follow. Labour hopes their inaugural summit will surpass the £29.5bn in investments announced at the Conservative-led Global Investment Summit last November.

Notable attendees of previous summits included Blackstone CEO Stephen Schwarzman, Goldman Sachs CEO David Solomon, JP Morgan Chase CEO Jamie Dimon, and Ignacio Galan, chairman of Iberdrola.

Jonathan Reynolds, the new business secretary, assured private sector leaders of his commitment to accessibility and a pro-enterprise approach. Speaking remotely to over 100 executives from major companies like Heathrow Airport, BT Group, BP, and the CBI, Reynolds announced plans to launch a dedicated email address for businesses and investors to share ideas and concerns.

Reynolds emphasized Labour’s focus on four key business priorities: mission-driven industrial strategy, SME support, championing UK exports and trade relations, and ensuring fair wages. These initiatives aim to create a thriving economy for all.

The Department for Business and Trade declined to comment on the summit’s date.