Labour will promise to make the UK “the high growth start-up hub of the world” as it hosts 350 business leaders in Canary Wharf.

High-profile figures, including the chair of Tesco and CEO of HSBC, will attend the London event on Thursday to hear a pitch from the party’s leader Sir Keir Starmer and shadow chancellor Rachel Reeves as they seek to convince the business world that they are ready for government.

The pair will unveil the findings of Labour’s “Start Up, Scale Up” review, which will include recommendations around removing barriers to institutional investment, helping university innovations get to market and giving more independence to the government-owned British Business Bank.

Ms Reeves will claim that taking a bet on new industries will pay off for the UK economy.

But she will also insist it is her party that can “get the country off its current path of Tory economic decline” and “fix the holes” post-Brexit.

“These are challenging economic times,” she is expected to say. “But I know the spirit of enterprise, of creativity, of endeavour are as present in Britain today as they ever have been.

“We are at a post-Brexit crossroads. We can go down the road of managed decline, falling behind our competitors, or we can draw on bold thinking to propel us forward.”

Related posts:

BT chief Jansen gave board ultimatum over chairman’s future UK economic rebound slows sharply as pingdemic takes toll Energy boss demands price cap reform as firms face ‘£5bn bill’ for market mess Energy price cap, New Zealand deal and home fitness What do businesses want out of Rishi Sunak’s budget? Retail sales, digital health and AI crime-fighting UK left with ‘branch line economy’ after years of neglect – CBI Holidaymakers urged to spend £132m of unspent COVID crisis credit notes National debt interest payments rise to record £70bn Deutsche Bank raided in $1tn greenwashing inquiry Whitbread faces pay revolt despite bosses’ decision to forfeit bonuses How the energy price guarantee will work for you