Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps her Department is taking to encourage inward investment into the UK.

The UK is a leading destination for foreign investment; it is second in the world for inward Foreign Direct Investment (FDI) stocks behind the USA, and also attracted £37 billion of Private Equity and £6 billion of Venture Capital involving foreign investors in 2019.

The Department for International Trade promotes the UK as a leading destination for foreign investment and supports foreign investors. For example, the Department’s High Potential Opportunities Programme identifies specific investment opportunities across the UK.

The Department supported 1,449 FDI projects during the 2019/20 Financial Year, which created 45,000 new jobs and safeguarded a further 8,000.