Britain has the potential to attract up to £7.7 billion ($10.2 billion) in additional foreign sovereign investment by 2030, provided it adopts a long-term strategic approach to entice such funds, according to new research seen by the Reuters news agency.

The City of London Corporation has renewed its call for a comprehensive financial and professional services plan to convert growing interest in British assets into tangible investments.

It comes as Prime Minister Keir Starmer prepares to host his first international investment summit on 14 October, a crucial opportunity to showcase the UK’s potential to global investors.

Chris Hayward, Policy Chairman for the City of London Corporation, emphasized the need for a coordinated system to foster foreign investment. He proposed a public-private council, chaired by the Chancellor of the Exchequer, to streamline the process and prioritize key sectors for development.

“The road to economic growth passes through the City,” Hayward noted as reported by Reuters, stressing the importance of capitalizing on the financial services sector to boost foreign investment.

The City of London report highlighted the significant benefits of opening sovereign wealth and public pension fund offices in Britain. In the five years following the establishment of such offices, UK investments from these funds more than doubled compared to the previous five years.

This surge resulted in an extra £13.4 billion in investments through 92 deals, largely directed towards innovative technology, infrastructure, and renewable energy projects—key areas for the UK’s future growth.

Chancellor Rachel Reeves also underscored the urgency of attracting foreign investment in light of the government's current financial situation. Reeves recently revealed a £22 billion gap in public finances, warning that taxes would need to rise to address the shortfall.

Given these constraints, boosting foreign direct investment has become even more critical for the government as it seeks to alleviate economic pressures without further burdening taxpayers.

In a separate call to action, Britain’s Investment Association (IA) has urged the government to introduce an Inclusive Investment Strategy in the upcoming October 30 Budget.

The strategy would aim to encourage more UK households to save and invest, addressing a broader economic concern about personal financial security.

According to an Opinium Research survey conducted for the IA, only one in ten UK pension holders over the age of 55 said they are saving enough for a comfortable retirement.