Prime Minister’s Business Council promises to unlock investment, boost job creation and promote Global Britain

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Boris Johnson hosts the Prime Minister's Business Council alongside Rishi Sunak and leading business figures in 10 Downing Street. Picture by Simon Dawson / No 10 Downing Street

Prime Minister Boris Johnson hosted a Prime Minister’s Business Council this afternoon (8th February 2022) alongside Rishi Sunak, Chancellor of the Exchequer and leading business figures in 10 Downing Street.

The Prime Minister’s Business Council, or Build Back Better Council as it is also known, brings together a broad range of business leaders from across the whole British economy working in partnership with the government to unlock investment, boost job creation, promote Global Britain and level up the whole of the UK.

Picture by Simon Dawson / No 10 Downing Street

The Build Back Better Council is comprised of 30 members representing industries from retail and hospitality, to finance, science and technology. It is co-chaired by the Prime Minister and Chancellor with the Business Secretary and Trade Secretary as standing members, in addition to the Education Secretary to focus on skills. Other Cabinet Ministers will attend meetings as required.

Sectors represented on the Business Council include finance (Starling Bank, Hiscox, Redington, Citi, Lloyds Banking Group, Aviva, Fidelity International and Natwest); technology and science (Microsoft, Graphcore, Benevolent AI, Oxford Nanopore, Fujifilm, Diosynth Biotechnologies, Matillion) and transport (Turn tide Transport, Rolls Royce, Forth Ports Limited, Virgin Atlantic, AGS Airports).

From the energy sector, the cohort includes Scottish Power’s chief executive Keith Anderson, Octopus’ chief executive and founder Greg Jackson, Shell’s chief executive officer Ben Van Beurden and Paula Rosput Reynolds, who sits on the boards of National Grid, General Electric and BP.

Also represented are retail and hospitality (Whitbread, Iceland Foods) and professional services (Moneypenny). 

Luxury British brand Burberry’s Chief Operating Officer and Chief Financial Officer, Julie Brown said:

“I’m honoured to be appointed to the Prime Minister’s Business Council. The fashion and luxury sector has an important role to play in helping drive a high growth, low carbon economy, and I look forward to working closely with business leaders from across industry to help ensure the UK has the skills and infrastructure it needs to compete globally.”

Bernard Looney, CEO of BP said:

I am a big believer in British business and the Prime Minister’s push to create a cleaner, greener, more inclusive economy. I am also an advocate for UK companies working with government to build back better from the pandemic. I feel honoured to be part of the Business Council and hugely optimistic that together we can help create a stronger, fairer economy where everyone wins – and where Britain is even more competitive in the global market.

Dame Sharon White, Chair of the John Lewis Partnership said:

I am delighted that the Prime Minister and Chancellor have established a new Business Council. We are facing some of our greatest ever challenges as a country and we are much better placed to tackle them with Government and business working side by side.

Picture by Simon Dawson / No 10 Downing Street

Prime Minister Boris Johnson said:

We’ve got one of Europe’s most open economies thanks to our vaccine rollout programme, and with Plan B restrictions firmly behind us we can now go further to turbocharge the economy and unleash the benefits of Brexit.

Harnessing the extraordinary powers of our new Business Council, together we will knuckle down on creating new high skilled, high wage jobs, driving innovation in science and tech, and mobilising investment to deliver the green industrial revolution – all while levelling up and securing the UK as the best place to do business.

Chancellor of the Exchequer Rishi Sunak said:

Thanks to the speed of our vaccine rollout and unprecedented package of covid support we have the fastest growing economy in the G7 – and it’s vital we continue on that path by grasping the opportunities ahead.

We’re investing billions in innovation, infrastructure and skills to release the potential of the whole of the UK and ensure the UK continues to be the most attractive place in the world to do business.

This new Businesses Council will help drive this vision forward and ensure our Plan for Growth is delivered successfully – levelling up across the country and powering a high growth, high productivity economy.

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