Rishi Sunak to launch £1.4bn fund to attract more overseas investment

Money earmarked by chancellor in budget will have particular focus on electric vehicles and life sciences

The government is to launch a 1.4bn fund to attract more overseas investment into the UK economy, particularly in sectors such as life sciences and electric vehicle production.

In his budget announcement on Wednesday, the chancellor, Rishi Sunak, will also announce plans to lure highly skilled foreign workers and amend regulations to make it easier for international companies to relocate to the UK.