Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many UK-based start-ups raised venture-capital rounds that included at least one overseas investor in each of the last five years; and what the total capital raised in those rounds was in each year.
Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)
According to figures recently published by the BVCA, UK businesses raised £9bn of venture and growth capital in 2024 - a 12.5% rise compared to 2023. This reflects the UK’s position as Europe’s leading hub for Venture Capital, attracting investment into our world class technology and innovation.
The Government has introduced a range of new measures to unlock more later stage capital from domestic sources, such as the Mansion House reforms and the British Growth Partnership. This will ensure that the British economy benefits even more from its thriving venture capital ecosystem.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, whether the potential use of eGates set out in the UK-EU Common Understanding will include an exemption from the upcoming EU Entry Exit system requirements for fingerprinting.
Answered by Nick Thomas-Symonds - Paymaster General and Minister for the Cabinet Office
UK national travellers will be required to register in the EU’s Entry/Exit System (EES). Exemptions will be in place for UK nationals who are Withdrawal Agreement beneficiaries or otherwise long-term resident in the EU. Implementation of the EES is a matter for the EU and its Member States, and subject to ongoing EU legislative processes.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what representations his Department has made to the Office for National Statistics on the economic classification assessment of British Steel.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
My department is currently working closely with both ONS and HMT to determine the classification of BSL. My department's current expectation is for BSL to be classified as a public corporation and that the situation will remain under review by ONS.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the total stock of UK corporate bonds held by non-resident investors was in each quarter of the last five years for which figures are available.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As part of their Balance of Payments release, the Office for National Statistics produce statistics on cross-border transactions and positions. This includes information on the aggregate market value of UK quoted equities held by non-resident investors, net inflows of portfolio and other investment from non-resident investors, as well as the total stock of UK corporate bonds held by non-resident investors.
The ONS published their most recent Balance of Payments release on 28 March 2025, which is available on their website at Balance of Payments, UK - Office for National Statistics. The statistics on inflows and stocks/market values can be found in Table J and in Table K respectively.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the net inflow of (a) portfolio and (b) other investment from non-resident investors to the UK was in each quarter since Q1 2019 for which data is available.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As part of their Balance of Payments release, the Office for National Statistics produce statistics on cross-border transactions and positions. This includes information on the aggregate market value of UK quoted equities held by non-resident investors, net inflows of portfolio and other investment from non-resident investors, as well as the total stock of UK corporate bonds held by non-resident investors.
The ONS published their most recent Balance of Payments release on 28 March 2025, which is available on their website at Balance of Payments, UK - Office for National Statistics. The statistics on inflows and stocks/market values can be found in Table J and in Table K respectively.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the aggregate market value of UK-quoted equities held by non-resident investors was in each quarter of the last five years for which data is available.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As part of their Balance of Payments release, the Office for National Statistics produce statistics on cross-border transactions and positions. This includes information on the aggregate market value of UK quoted equities held by non-resident investors, net inflows of portfolio and other investment from non-resident investors, as well as the total stock of UK corporate bonds held by non-resident investors.
The ONS published their most recent Balance of Payments release on 28 March 2025, which is available on their website at Balance of Payments, UK - Office for National Statistics. The statistics on inflows and stocks/market values can be found in Table J and in Table K respectively.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, how many notifications under the National Security and Investment Act 2021 involving foreign acquirers have been (a) received and (b) cleared unconditionally in each month since the Act came into force.
Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office)
The Government publishes an annual report with details of activities under the National Security and Investment (NSI) Act each financial year. This includes the number of notifications received by month, number of final notifications (acquisitions which are called in for detailed review and then cleared), and notifications received by origin of investment. Annual reports can be viewed on GOV.UK.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, when he plans to respond to Question (a) 47358, (b) 47359, (c) 47360, (d) 47361 and (e) 47362 tabled by the hon. Member for Arundel and South Downs on 23 April 2024.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
A response was published on 12th May 2025 to Questions 47358, 47359, 47360, 47361 and 47362.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the UK-India Free Trade Agreement, agreed on 6 May 2025, if she will make an estimate of the number of British Nationals that will use the Double Contribution Convention with India in each of the next 5 years.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The OBR will certify the impact of the trade deal including the Double Contributions Convention in the usual way at a fiscal event, once the deal is finalised and ratified. The agreement to negotiate a Double Contributions Convention was made in the context of the wider deal, which will bring billions into the economy.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of making exemptions for the payment of National Insurance contributions under the Double Contribution Convention with India on receipts from (a) employee and (b) employer National Insurance contributions in each of the next five years.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The OBR will certify the impact of the trade deal including the Double Contributions Convention in the usual way at a fiscal event, once the deal is finalised and ratified. The agreement to negotiate a Double Contributions Convention was made in the context of the wider deal, which will bring billions into the economy.