London: Britain is aiming to lure billions of dollars in Australian cash to help build housing, transport and energy projects after senior ministers met super fund chiefs to clear the way for deals that will diversify retirement nest eggs.

UK Foreign Secretary Yvette Cooper backed the plans after talks this week with a delegation of Australian fund bosses who are tipped to double their investments in Europe to about $660 billion over the next decade.

AustralianSuper pledged $1.1 billion to British housing developments on Monday, and IFM Investors is putting $2.3 billion into Manchester Airports Group to expand London Stansted Airport, in two examples of a broader trend.

The progress in the UK came as US President Donald Trump hailed the flow of Australian super funds into America after

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