Five Eyes coup! UK strikes 26bn Australia deal after EU’s ban: ‘Reaping the benefits’ – Daily Express

Mr Johnson and Australian Prime Minister Scott Morrison formally sealed the deal in a video conference call on Wednesday. The move signifies yet another post-Brexit deal between the two nations. With this agreement, Mr Johnson is looking to turn the UK into the biggest European partner in the Indo-Pacific.

This pact comes with two major investments in both countries.

The UK will be welcoming Australian fintech firm PEXA, as it expands into the UK as its first international market.

Meanwhile, this deal has allowed Octopus Group, a major energy firm in the UK, to begin developing a major greenfield renewables project in Australia.

The statement read: In a boost for UK-Australia collaboration on cleantech, Octopus Australia is partnering with an Indigenous business group to create Desert Springs Octopus, a project worth 26billion over 10 years that will deliver wind, solar and hydrogen energy.

Ahead of the announcement, Mr Johnson said: The UK and Australia are working together to enhance regional security in the Indo-Pacific, drive innovation in science and green technology and boost opportunities for our businesses and citizens.

Our nations are forging a new partnership from a historic alliance, fit for the next century and grounded in our shared priorities on security, democracy and free and fair trade.

He also highlighted opportunities this comprehensive and wide-ranging deal will provide for British workers, businesses and consumers to reap the benefits.

George Freeman, the UK minister of Science said: Delighted to announce a new UK and Australia innovation collaboration using space observation to: support climate resilience, improve crop productivity, [and] create opportunities for spacetech SMEs.

READ MORE:Security ties with Australia beefed up

The UK and Australia partnership will also boost cooperation on science and technology through a new Science Partnership Series to bring our world-class research communities together.

Mr Johnson also stated that the UK will enhance the UK-Australia Space Bridge Agreement, which was agreed a year ago, with a new 1million commitment for Earth Observation in Agroclimate to help farmers deal with a changing climate.

This agreement, to create the worlds first space bridge will unlock improved access to trade, investment and academic research opportunities, better advice to businesses and innovative bilateral collaborations, Number 10 announced.

Both countries will once again reaffirm their commitments to delivering on the Glasgow Climate Pact and Paris Agreement to keep global warming below 1.5 degrees.

Britain will invest 25million for regional projects in the Indo-Pacific to counter security threats at sea, in the air and in cyberspace.

It comes after the UK was banned from the EU's 95billion (80billion) research funding programme Horizon Europe.

Business and Energy Secretary Kwasi Kwarteng told the UKs Science and Technology Committee last Wednesday that Britain was ready to go "full steam ahead with setting up its own pioneering science programme, rather than pushing to rejoin Horizon.

The UK has announced a 6billion spending programme over three years as part of this new global science fund, to be rolled out if the EU refuses to allow association with Horizon programmes.

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Five Eyes coup! UK strikes 26bn Australia deal after EU's ban: 'Reaping the benefits' - Daily Express