Oral Answers to Questions

Debate between Robert Courts and Chloe Smith

Wednesday 15th November 2017 Commons Chamber

[Robert Courts (Witney) (Con)]

3. What steps the Government are taking to attract foreign direct investment into Northern Ireland.

[The Parliamentary Under-Secretary of State for Northern Ireland (Chloe Smith)]

The economy in Northern Ireland continues to grow, with 42,000 more people in work now than in 2010, and with inward investment playing an important part in that success. As we develop our new trade relationships and expand our global trade networks, we will continue to promote Northern Ireland as a place to invest and do business.

[Chloe Smith]

My hon. Friend is absolutely right. Our imperative is to see a restored and fully functioning Executive so that they can take such steps to support the economy, along with the many other important things on their to-do list.

[Robert Courts]

Will my hon. Friend confirm that Northern Ireland remains one of the most attractive parts of the UK in which to invest, and that the key to that continuing will be working with a restored Executive to ensure that Northern Ireland benefits from our modern industrial strategy?

[Chloe Smith]

Again, this is precisely the point in front of us. Northern Ireland has already proved itself to be a top destination for inward investment. In the last year alone, it welcomed 22 new investors, who have brought in 34 new foreign direct investment projects and more than 1,600 new jobs, but to take that further, we need an Executive in place.