Overseas Investment

(asked on 2nd March 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, pursuant to the Answer of 24 February 2021 to Question 154868, how the total for outward direct investment wins reported by her Department in its 2019-20 annual report was calculated; and what that figure was by quarter.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 5th March 2021

An Export or Outward Direct Investment Win is a deal, contract, sale, or other specific type of agreement for an eligible UK company resulting from support provided by the Department for International Trade (DIT) and captures the expected value of the Win up to a five-year period. DIT creates a Win record using a digtal framework. Once entered, the UK customer which received support is required to confirm the Win details. A Win counts once it has been confirmed. It is the sum of these wins (post validation) that is reported.

The Department is not able to provide, reliably, the breakdowns requested.

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