Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether his Department plans to implement the recommendations of the policy paper entitled The Harrington Review of Foreign Direct Investment, published on 22 November 2023.

The Department for Business & Trade is leading and supporting on many initiatives that deliver the recommendations set out in the Harrington Review. This includes; developing the Industrial Strategy to drive long-term sustainable, inclusive and secure growth through securing investment into crucial sectors of the economy.

We are supporting HM Treasury to develop a National Wealth Fund to mobilise private capital and simplify investor access to financial support. We are supporting regional growth by working with local leaders to realise investment opportunities in every region of the UK, such as working with Mayors in England to develop Local Growth Plans.