Foreign Investment in UK

(asked on 5th July 2022) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent progress his Department has made on securing business investment in the UK.


Answered by
Jane Hunt Portrait
Jane Hunt
This question was answered on 13th July 2022

The Government has worked to secure internationally mobile, transformative investment projects in sectors across the economy, supporting the delivery of key Government priorities. In March, Australian Investors announced £28.5 billion of investments for clean energy, technology and infrastructure. In addition, the Government has provided further support to attract significant investment in manufacturing, including delivering Britishvolt’s £1.7 billion Gigafactory in Blythe Valley which will support 3,000 direct jobs and a further 5,000 across the supply chain. The Government has further worked to secure over £80 million R&D investment by Smith and Nephew into their manufacturing facility near Hull.

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