US Firms Plan £1.25 Billion Investment Creating 1,000 Belfast Jobs

The UK is set to receive significant investments from US financial firms, including Bank of America, Citigroup, BlackRock, PayPal, and S&P Global, totaling over £1.25 billion to boost the financial services sector across key cities such as Belfast, London, Edinburgh, and Manchester. Bank of America will open its first operation in Northern Ireland, creating up to 1,000 jobs in Belfast, reinforcing the city as a hub for financial technology and security operations. Citigroup has committed £1.1 billion to expand its UK presence, particularly in Northern Ireland where it already employs over 4,000 people, further establishing Belfast as a technology powerhouse. These investments are seen as a strong vote of confidence in the UK’s economic prospects and come ahead of President Donald Trump’s state visit to the UK, during which a new UK-US technology pact is expected to be signed. The UK government emphasizes that these investments will drive regional growth, job creation, and enhance transatlantic commerce, supported by recent trade agreements between the US and UK. Additionally, the government announced over £1.1 billion in joint public and private funding to support green maritime technologies, aiming to boost growth and jobs in coastal communities while reducing shipping emissions.