Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps her Department has taken to promote investment into the UK economy.

The UK is a leading destination for foreign investment; second in the world for inward Foreign Direct Investment (FDI) stocks with $2.1 trillion, behind the USA in 2019.

In 2019/20, the Department for International Trade provided support for 1,449 FDI projects, creating almost 45,000 new jobs and safeguarding a further 8,000. In November 2020 the Prime Minister announced a new Office for Investment within the Department, but under the sponsorship of 10 Downing Street, to support strategic investment. We are also prioritising regional investment and growth through our High Potential Opportunities Programme.