Asked by: Lord Petitgas (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what public support, and how much funding, have been offered to DP World in connection with their £1 billion investment to expand the London Gateway Container port announced on 14 October 2024.
Answered by Baroness Gustafsson - Minister of State (Department for Business and Trade)
His Majesty’s Government expressed strong support for the DP World investment in London Gateway at the International Investment Summit in October. No Government funding has been offered to DP World, whose investment recognises the attractiveness of the UK as a place to develop world-class infrastructure. However, DP World stands to benefit from the Thames Freeport as the owner of London Gateway port and logistics park, part of which was designated in November 2021 as a Freeport tax site. This investment is welcome and is vital to our economic growth and in helping to protect our global supply chains.