Oral Answers to Questions

Debate between Shailesh Vara and Tom Pursglove

Wednesday 5th September 2018 Commons Chamber

[Tom Pursglove (Corby) (Con)]

3. What recent steps she has taken to attract inward investment into Northern Ireland.

[The Minister of State, Northern Ireland Office (Mr Shailesh Vara)]

Northern Ireland has proved itself to be a top destination for inward investment from companies from the rest of the UK and also from overseas. Over 900 companies worldwide have invested in Northern Ireland, and I welcome this week’s announcement that PA Consulting will be creating 400 new jobs in Belfast. I firmly believe, however, that Northern Ireland can do even better, and we continue to work to restore stable, devolved government so that Northern Ireland can maximise its potential as a place to invest and do business.

[Tom Pursglove]

I share the Minister’s enthusiasm. Northern Ireland is clearly a key driver of United Kingdom exports and will be even more important as we leave the European Union, so what steps is the Department taking to foster further investment and also to sell the opportunity of Northern Ireland as a top exporter around the world?

[Mr Vara]

One of the fastest routes to a strong economy is through a healthy, growing export economy. The Northern Ireland Office is working with Departments across Whitehall, including the Department for International Trade, to maximise UK Government initiatives such as the GREAT campaign and the recently launched export strategy to promote exporters and help them to realise their potential. My right hon. Friend the Secretary of State and I regularly champion new investment announcements in Northern Ireland and promote Northern Ireland as a great place in which to invest and do business. That is something that was referred to in the Budget as well.

Oral Answers to Questions

Debate between Shailesh Vara and Tom Pursglove

Wednesday 9th May 2018 Commons Chamber

[Mr Vara]

The hon. Lady should be in no doubt that we are committed to the commitments made in the joint report.

[Tom Pursglove (Corby) (Con)]

Is the truth not that we have seen record foreign direct investment in the United Kingdom as a whole despite Brexit, and that when we leave, Northern Ireland will continue to be a top destination of choice for investment? After all, we do have the fifth largest economy in the world.

[Mr Vara]

My hon. Friend is absolutely right to make the good point that we have one of the leading economies in the world. Leaving the European Union will be an opportunity for the United Kingdom to pursue a new path and trade policies that benefit us, and us exclusively. I agree entirely that we have a positive future outside the European Union. [Interruption.]

Oral Answers to Questions

Debate between Shailesh Vara and Tom Pursglove

Wednesday 21st March 2018 Commons Chamber

[Tom Pursglove (Corby) (Con)]

4. What steps the Government are taking to identify opportunities to strengthen Northern Ireland’s economy as the UK leaves the EU.

[The Parliamentary Under-Secretary of State for Northern Ireland (Mr Shailesh Vara)]

I am not even going to try to follow that.

The Government are committed to building a stronger economy fit for the future right across the United Kingdom. That is clear from our industrial strategy and the Chancellor’s spring statement, where we continue to identify further opportunities for investment in Northern Ireland. Ultimately, however, a key requirement for stronger growth is political stability. That is why it is essential that a restored Executive are in place to take forward strategic decisions to deliver for Northern Ireland’s economy.

[Tom Pursglove]

Tayto has operations not only in Corby, but in Northern Ireland, and it is very good news that in recent times the operation has expanded considerably. What steps is my hon. Friend taking to ensure that such UK-wide manufacturing industries continue to grow and prosper?

[Mr Vara]

Tayto Group is the third largest snack manufacturer in the UK. It employs some 1,500 people right across the country—from Tandragee to Corby, and from Scunthorpe to Devon—and is one of the many success stories for growth. Through our industrial strategy, we are creating conditions in which successful businesses such as Tayto Group can thrive, helping them to invest in the future of our nation. We are shaping our business environment to take on the challenges and opportunities of new technologies and new ways of doing business, especially as we leave the EU, and to develop new trade relationships and expand our global trade networks.