The trailblazers pumping tens of billions into UK PLC

Despite the recent market turmoil, businesses in industry from energy to film-making are backing Britain. Keeping corporation tax rates at 19 per cent will unleash more than £5billion of additional investment, according to think-tank the Adam Smith Institute. 

It is part of a raft of pro-growth measures including new enterprise zones and tax breaks for company investment. 

We look at some of the big names ploughing billions of pounds of investment into the UK – even before the mini-Budget – which they believe will create profits, growth and jobs. 

Cars

Mining and mineral processing company Pensana is investing £150million to build a refinery in Saltend in East Yorkshire to produce crucial materials for the magnets used in electric cars. 

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.

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