Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what key performance indicators his Department plans to use to measure the success of the Office for Investment; and how these differ from key performance indicators outlined at the launch of the Office.

The Office for Investment (OfI) is focusing on building and converting a pipeline of significant investments opportunities, delivering economic growth and strategic government priorities. This was also the focus of the OfI when originally launched in 2020 but there is now a greater expectation on the number of significant opportunities that will be supported.

As demonstrated in the DBT Inward Investment Results 2024-25, DBT and OfI measure and report on several aspects of investments supported by the government’s investment promotion service including Gross Value Add (GVA) and jobs created outside of London and the South East.