Foreign Investment in UK

(asked on 8th September 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
Jackie Doyle-Price Portrait
Jackie Doyle-Price
This question was answered on 22nd September 2022

Earlier this year, the Government secured £28.5 billion from Australian Investors for clean energy, technology and infrastructure. In addition, the Government has provided support to attract significant investment in manufacturing including Airbus’ August announcement of a £100m investment in Broughton to increase their wing production capacity. In the Life Sciences sector, the Government has worked to secure over £80 million R&D investment by Smith and Nephew into their manufacturing facility in Melton near Hull.

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