Foreign Investment in UK

(asked on 11th December 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to his Department's publication entitled Invest 2035: The UK’s Modern Industrial Strategy, published in October 2024, what assessment he has made of trends in the level of economic performance of sectors included in that strategy since 2019-20.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 16th December 2024

The methodology for determining the eight growth-driving sectors is outlined in the Invest 2035 Green Paper. This included assessing historic trends since 2019-20, such as gross value added and productivity, at Standard Industrial Classification-2 level where data was available. The Government complemented this with wider internal and external data sources such as specialist industry reports and qualitative assessments, particularly in emerging subsectors where historic data is unavailable. Government will continue to draw in evidence such as sector performance and employment trends using responses to the Green Paper consultation questions; engagement with external stakeholders such as businesses, local leaders, academic experts; and other data sources.

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