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Chancellor Rachel Reeves secured a £240 million investment from Spanish company Exolum to bolster the UK's fuel storage and energy security. During her visit to Madrid, she announced plans for Exolum's capital investment in UK infrastructure projects, which is expected to support jobs until 2030.

Additionally, Indra Group, a leader in defense and transport, will create 600 jobs in the UK following a seven-year contract valued at £587.6 million to operate TfL's ticketing system. The Chancellor's visit aims to enhance economic relationships with Spain and simplify travel for UK service professionals, potentially increasing UK service exports by £250 million over five years.