UK's HM Treasury spotlights Revolut GBP 3 billion UK investment as financial services commitments exceed GBP 110 billion in a week

UK's HM Treasury published an update around Revolut opening a new global headquarters in London and committing to invest GBP 3 billion in the UK, with plans to create 1,000 high-skilled jobs over the next five years. The announcement is framed as part of a broader set of financial services investment commitments that HM Treasury says total more than GBP 110 billion in a single week. The wider set of commitments cited includes Blackstone’s stated aim to invest in excess of GBP 100 billion of assets in the UK over the next decade, including a GBP 10 billion data centre in Blyth, and BlackRock’s expectation to allocate over GBP 7 billion to the UK market next year alongside a GBP 500 million investment in enterprise data centres. The release also references Bank of America plans for up to 1,000 new jobs in Belfast, Citi Group’s GBP 1.1 billion investment across its UK operations, S&P Global’s investment of over GBP 4 million in Manchester supporting 200 permanent jobs, and PayPal’s GBP 150 million investment in product innovation and growth; a separate set of inward investment announcements by US firms was described as generating 1,800 new jobs across several UK cities. HM Treasury linked the investment wave to the Leeds Reforms, described as the widest-ranging reforms to financial regulation in over a decade, including tailored support for fintech start-ups through a single regulatory point of contact during the scale-up phase.