Foreign Investment in UK

(asked on 12th October 2017) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, pursuant to the Oral contribution of the hon. Member for Sefton Central of 12 October 2017, Official Report, column 428, what plans he has to (a) increase the number of jobs created as a result of foreign direct investment and (b) reduce the deficit in the trade of goods; and if he will make a statement.


Answered by
Mark Garnier Portrait
Mark Garnier
This question was answered on 17th October 2017

The Department is focused on supporting projects that maximise wealth creation across the UK. This wealth creation includes jobs, innovation and productivity.

The balance of trade in goods is only one element contributing to the UK’s current account balance. As the world economy recovers the current account deficit should narrow, in line with the Office for Budget Responsibility’s forecast of -2.0% of GDP in 2021.

The Government is supporting exports through UK Export Finance which has provided £14bn in support for UK exporters in the last five years and the Department for International Trade helping over 2,800 businesses new to exporting.

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