London, January 16, 2026 9:17 pm – Rachel Reeves, the UK’s Shadow Chancellor, is set to lead a delegation of British start-up founders to the World Economic Forum in Davos next week, a move signaling Labor’s intent to court international investment and showcase the nation’s burgeoning tech scene. It’s a strategic play, frankly, to demonstrate that Britain isn’t just a land of tradition, but a hotbed of innovation too.
the delegation will accompany Chancellor and Business Secretary Peter Kyle as part of a broader government effort to attract foreign capital.
- Reeves will participate in a panel discussion with Bank of America’s Brian Moynihan and EY’s janet Truncale.
- The group includes Mia Drennan, CEO of Global Loan Agency Services (GLAS), a firm recently valued at over $1 billion.
- Keir Starmer will not attend,but his business advisor,Varun Chandra,will join the delegation.
- The move comes after a turbulent Autumn Budget and aims to reassure investors.
Among the entrepreneurs joining Reeves is Mia Drennan, chief executive of Global Loan Agency Services (GLAS). The debt management services provider recently secured a billion-dollar valuation after a majority stake was acquired by British buyout shop Oakley Capital in December.
Reeves is also scheduled to speak on Tuesday at a panel event alongside Bank of America chief Brian Moynihan and EY chief executive Janet Truncale,as reported by the World Economic Forum’s website.While Labour leader Keir Starmer will not be present at the annual gathering, his business advisor varun Chandra will accompany Reeves and Kyle.
The push to attract investment comes as ministers attempt to reverse a decline in foreign capital flowing into the UK. In october, a revamped ‘concierge service’ was launched to streamline the process for international firms looking to expand in Britain and connect them with investment opportunities across the country.
Reeves will also participate in a series of meetings and roundtables in Davos, including discussions with Jamie dimon, the head of JP Morgan, to position the UK as a stable and attractive investment destination amidst global economic and geopolitical uncertainties. The backdrop to these discussions is com
