Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the new scale-up concierge service on the number of high-growth firms remaining headquartered in the UK.

The scale‑up concierge service aims to retain high-growth firms including their headquarters in the UK by acting quickly and decisively to tackle their barriers to growth, such as access to finance, talent or markets.

This support will be targeted at high growth, strategically important scale-ups with the potential to be the UK’s first trillion-dollar company.

This service will help high-growth firms to scale and stay in the UK, supporting regional economic growth and productivity.

We are developing a monitoring and evaluation approach in line with government standards. We will share more in due course.