Business: Investment

(asked on 25th March 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps her Department is taking to help increase business investment (a) outside London and (b) in (i) York and (ii) north Yorkshire.


Answered by
Alan Mak Portrait
Alan Mak
Shadow Economic Secretary (Treasury)
This question was answered on 15th April 2024

The Government-owned British Business Bank is supporting business investment across the UK including through its Nations and Regions Investment Funds. This includes the £660m Northern Powerhouse Fund II programme, supporting growing businesses across the North of England.

Our Growth Hub network is also supporting businesses of all sizes and sectors across England. The Department for Business and Trade is working across the UK, including in York and North Yorkshire to showcase strong, commercial investment opportunities to potential investors and support business to grow. The Government has also agreed a £540 million mayoral devolution deal for York and North Yorkshire to support growth and business investment.

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