Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to prevent the outflow of businesses and investment from the UK.

The Government is committed to ensuring that the UK remains a great place to do business. Our ambitious Industrial Strategy is comprised of a range of policies designed to build an economy fit for the future, fostering a competitive environment where businesses have the confidence to invest and thrive. This includes building long term strategic partnerships with businesses through Sector Deals and committing £37bn through the National Productivity Investment Fund by 2023/24.

We are ensuring that innovative businesses have access to the finance they need. Through the British Business Bank, we are already supporting finance to over 78,000 SMEs. We are facilitating £20bn investment in high potential businesses, including establishing the £2.5bn British Patient Capital programme to co-invest with the private sector into venture and growth fund commitments.