Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the economic impact of foreign direct investment projects in Lincolnshire in the last five years.

The Department for Business and Trade (DBT) looks to encourage investment across the UK, working closely with relevant economic development and inward investment officers across the whole of the Lincolnshire region.

Investment into the region has seen 1,295 new jobs were created in the Greater Lincolnshire Local Enterprise Partnership (LEP) area in 2021-22, 1,159 in 2022-23 and 198 in 2023-24. Statistics at LEP level are not available for previous years.

The estimated economic impact of FDI in the UK in 2023-24 was £5.8bn and analysis shows that FDI has a net economic benefit to the whole of the UK.