Reeves poised to roll out 'concierge service' for investment

Rachel Reeves first announced the new concierge service at her Mansion House speech in July (Photo by: Ian West/PA Wire)

The Treasury is preparing to launch its ‘concierge service’ to help international firms invest and expand in the UK as soon as this week, City AM can reveal, in a move ministers hope will attract as much as £10bn of foreign investment into the UK.

The new service – also dubbed an ‘investment hub’ – will be unveiled by the Chancellor Rachel Reeves on Friday during her trip to Washington for the International Monetary Fund’s annual jamboree, according to sources involved in its rollout.

The hub, plans for which were first mooted by the Chancellor at her Mansion House Speech in July , will provide “a tailored service” to companies hoping to set up or expand in the U