Asked by: Earl of Effingham (Conservative - Excepted Hereditary)
Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the answer by Lord Leong on 30 June (HL Deb col 550), which companies have contributed to the £100 billion of inward investment in this country, and in what amounts by company.
Answered by Baroness Gustafsson - Minister of State (Department for Business and Trade)
Since taking Office, the Government has welcomed announcements of around £100bn in investment into the UK. Investments announced at the International Investment Summit are detailed on the Gov.UK website titled ‘The UK IIS Summit secures £63bn’ and recent investments into the UK can be found online under ‘Revamped OfI’.
The UK continues to attract major investments across its priority sectors. Recent announcements listed on Gov.UK include Lendlease, DP World, Universal, OCBC, MBDA, Vishay, JLR and Rolls Royce.
These figures and examples are announcements and, in many cases, do not yet represent actual realised investment into the UK.
Asked by: Earl of Effingham (Conservative - Excepted Hereditary)
Question to the Department for Business and Trade:
To ask His Majesty's Government, following reports that 40 per cent of foreign direct investment projects in Northern Ireland in the year to August 2023 came from American companies, what assessment they have made of the diversity of the investor base for foreign direct investment projects in Northern Ireland, and what steps they are taking to ensure further diversification, including from regions who were not invited to the Northern Ireland Investment Summit in September.
Answered by Lord Johnson of Lainston
The Department for Business and Trade (DBT) worked closely with the Northern Ireland Office and Invest Northern Ireland to ensure that a diverse group of investors attended the Northern Ireland Investment Summit. Investors from Europe, the Americas, the Middle East and Asia Pacific markets all attended.
DBT teams globally work in conjunction with Invest NI colleagues to showcase Northern Ireland as a location for investment. The UK Government, via the Northern Ireland Office, has provided support to Invest Northern Ireland for additional international staff across the globe, helping to diversify foreign direct investment.