Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps her Department has taken to increase foreign direct investment in the UK’s green industries.

The Department, alongside the Office for Investment, drives green investment through several levers. Examples include the Clean Growth Campaign, which supports strategic investments into green supply chain capability and capacity, as well as the Investment Atlas, which promotes strategically important investment opportunities online, and our High Potential Opportunities programme, which highlights geography specific opportunities. We work to promote investment into green technologies across the UK, including opportunities in the Tees Valley into heat networks, carbon fibre, and biomanufacturing sectors.

In the period 18 November 2020 to 24 September 2021 the Department supported 46 investments linked to the Prime Minister’s ten-point plan for a green industrial revolution. These projects had a combined capital expenditure of £2.6 billion and created 2,296 new jobs.

For further detail I refer my hon. Friend to the answer I gave on 30 November to Question UIN 79334.