Singapore’s OCBC has signed an agreement with the UK government to deploy £10 billion ( US$13 billion ) of investments across the United Kingdom’s energy, infrastructure, and real estate sectors by 2030.

The memorandum of understanding, signed in London by OCBC head of global corporate banking Elaine Lam and UK minister for investment Poppy Gustafsson, positions the bank as a key financial bridge between Asia-Pacific and the UK.

The deal aligns with the UK’s new industrial strategy and will tap into fast-growing sectors critical to the UK’s post-Brexit growth narrative. It comes as the UK and Singapore mark the 60th anniversary of their diplomatic relations.

The UK and Asia-Pacific trading relationship is now worth £125.7 billion, with UK-Singapore trade making up £22 billion of that.

“This is a forward-looking partnership that underscores our long-term commitment to the UK market,” says Lam, adding that OCBC’s London branch is now the largest in its global network.

British high commissioner to Singapore Nik Mehta sees the partnership as a “significant milestone” in a shared economic vision built on innovation and financial strength.

One of the early beneficiaries is Virtus Data Centres, a subsidiary of Singapore’s ST Telemedia Global Data Centres. With OCBC’s backing, it has already established 17 data centres in Greater London and is eyeing further expansion across Europe.

The deal also cements OCBC’s role as a gateway for Asian capital into the UK and reinforces Singapore’s strategy of scaling its global financial influence through focused, long-term deployment of funds into green and digital infrastructure.

OCBC says it is committed to supporting UK companies that are keen to establish or expand operations in Singapore and Southeast Asia.