Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.76 billion) of private sector investment in Britain, before hosting international leaders as part of his bid to restore the country’s health as a leading destination for foreign direct investment ( FDI) in Europe.

Australian funds IFM Investors and Aware Super will invest £10 billion and £5 billion respectively in projects ranging from infrastructure to energy transition and affordable housing, Sunak’s Downing Street office said in a statement.

Spanish energy giant Iberdrola will add £7bn to its investment plans in Britain, which include electricity transmission and distribution networks.

Other projects listed in the statement include a £2.5 billion investment in AI infrastructure by Microsoft.

“Attirer les investissements mondiaux est au cœur de mon plan de croissance économique”, a déclaré M. Sunak dans le communiqué publié avant son “sommet” sur l’investissement qui se tiendra lundi au palais de Hampton Court, un édifice du XVIe siècle situé in London.

Like many other countries, Britain is seeking private sector investment to help restructure its economy for the zero-emissions era and build the kind of infrastructure its bloodless public finances cannot finance alone.

But several major investors have said that political and regulatory uncertainty caused by the 2016 Brexit referendum has diminished Britain’s appeal in recent years, as other countries have become more attractive for FDI.

Last year, France overtook Britain as the European country with the highest number of new FDI projects. French President Emmanuel Macron announced 13 billion euros ($14.18 billion) in investment commitments for his country at a similar meeting on FDI in May.

Sunak said new funding for industries such as clean energy, life sciences and advanced technology would create high-quality jobs across Britain.

Top financiers Stephen Schwarzman of Blackstone, David Solomon of Goldman Sachs and Jamie Dimon of JP Morgan Chase were scheduled to attend Monday’s event.

The UK government recognizes it needs to do more to compete, a study launched after the country missed out on some high-profile investments shows.

According to accounting firm EY, Britain is now behind France and Germany in terms of perceived attractiveness for FDI.

However, it has had some recent successes, such as Nissan’s announcement on Friday about electric cars it will build in the northeast of England.

Britain plans to set up a concierge service to help potential investors negotiate with the government.

“When a company goes to the British government, it doesn’t want to have to deal with five different departments. It wants to deal with one person,” Investment Minister Dominic Johnson told Reuters ahead of Monday’s event at Hampton Court.

This would allow ministers to have “very intensive and frank discussions with the international investment community about how we can make the environment more conducive to investment,” he added.

British Finance Minister Jeremy Hunt on Wednesday announced long-term tax incentives to boost business investment, which he hopes will help accelerate the country’s sluggish economy.

IFM’s £10bn investment plans in the UK represent an increase on last year’s initial announcement of £3bn, while all other projects announced by the government are new, said a government official. ($1 = 0.8025 pounds) ($1 = 0.9168 euros) (Writing: William Schomberg and Alistair Smout, Editing: Louise Heavens)