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1564984

	registered interest
	date	09/01/2023
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what recent assessment she has made of the potential impact of the US Inflation Reduction Act on the level of investment in UK industry.
	tabling member constituency	Bristol East
	tabling member printed	Kerry McCarthy
	uin	118845
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>We are engaging closely with the US administration to address our serious concerns about the Inflation Reduction Act, as well as talking to our friends and allies across the world who are similarly affected, we will continue to robustly defend the interests of UK industry.</p><p>During the Secretary of State's visit to the World Economic Forum in Davos last month, the Inflation Reduction Act was atop of her agenda. She held meetings with US Trade Representative Katherine Tai to reaffirm her concerns about the legislation and a potential global subsidies race, as well as EU Trade Commissioner Valdis Dombrovskis, where she continued to push for both sides to work together and with other international partners on our response to the Inflation Reduction Act.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 13/02/2023 11:28:57 answering member 4407 label Biography information for Nigel Huddleston previous answer version 46488 answering member constituency Chelsea and Fulham answering member printed Greg Hands answering member 1526
	tabling member	1491 label Biography information for Kerry McCarthy

1472443

	registered interest
	date	21/06/2022
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what steps her Department is taking to increase foreign direct investment into (a) Solihull constituency and (b) England.
	tabling member constituency	Solihull
	tabling member printed	Julian Knight
	uin	23320
	answer	answer is ministerial correction date of answer 30/06/2022 answer text <p>The Department for International Trade’s regional teams engage with Metro Mayors, local enterprise partnerships (LEPs), local authorities, and our overseas network to promote Foreign Direct Investment (FDI) in England, supporting 925 single site projects and creating 28,012 new jobs in 2020-21.</p><p> </p><p>The Department leads several activities promoting FDI across the UK through mechanisms such as the Investment Atlas, our High Potential Opportunities Programme, and the GREAT global trade campaign.</p><p> </p><p>We continue to promote Solihull’s investment capabilities through schemes such as Arden Cross. This is one of the UK’s largest development projects, which will be crucial to the Government’s levelling up agenda.</p> answering member constituency Finchley and Golders Green answering member printed Mike Freer question first answered 30/06/2022 14:36:29 answering member 4004 label Biography information for Mike Freer
	tabling member	4410 label Biography information for Julian Knight

1471656

	registered interest
	date	20/06/2022
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what steps her Department is taking to increase Foreign Direct Investment into (a) Bournemouth East constituency and (b) England.
	tabling member constituency	Bournemouth East
	tabling member printed	Mr Tobias Ellwood
	uin	21115
	answer	answer is ministerial correction date of answer 28/06/2022 answer text <p>The Department for International Trade’s (DIT’s) regional teams engage with Metro Mayors, local enterprise partnerships (LEPs), local authorities, and our overseas network to promote Foreign Direct Investment (FDI) in England, supporting 925 single site projects and creating 28,012 new jobs in 2020-21.</p><p> </p><p>The Department leads several activities promoting FDI across the UK through mechanisms such as the Investment Atlas, our High Potential Opportunities (HPO) Programme and GREAT global trade campaign.</p><p> </p><p>DIT are showcasing the Sustainable Aquaculture HPO won by Dorset LEP to international investors. Our Southern England investment team promote further investment capability in the area through supporting on projects such as the Dorset Innovation Park and BattleLab.</p> answering member constituency Finchley and Golders Green answering member printed Mike Freer question first answered 28/06/2022 15:21:25 answering member 4004 label Biography information for Mike Freer
	tabling member	1487 label Biography information for Mr Tobias Ellwood

1460232

	registered interest
	date	25/04/2022
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to introduce a strategy for foreign investment growth that increases (1) jobs, (2) skills, and (3) productivity, across the UK.
	tabling member printed	Lord Taylor of Warwick
	uin	HL7944
	answer	answer is ministerial correction date of answer 28/04/2022 answer text <p>It has not proved possible to respond to this question in the time available before Prorogation. Ministers will correspond directly with the Member.</p> answering member printed Lord Grimstone of Boscobel question first answered 28/04/2022 11:53:15 answering member 4876 label Biography information for Lord Grimstone of Boscobel
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1307849

	registered interest
	date	12/04/2021
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, whether officials in her Department will continue to work with representatives of the employee relocation sector to maximise opportunities to attract inward investment by exploring options to give the UK a competitive advantage over other prospective destinations; and if she will make a statement.
	tabling member constituency	Buckingham
	tabling member printed	Greg Smith
	uin	179595
	answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The employee relocation sector has an important role to play in supporting inward investment into the United Kingdom. My officials will continue to engage with it.</p><p> </p><p>The UK is one of the most open economies and one of the foremost destinations for inward investment in the world. In 2019/20 the Department for International Trade provided support for 1,449 Foreign Direct Investment projects, creating almost 45,000 new jobs and safeguarding a further 8,000. We also recently launched a new points-based, single global immigration system to attract a wide pool of skilled workers; this will allow a fairer, skills-led system, and a process that is simpler and quicker for employers.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 20/04/2021 15:30:24 answering member 1482 label Biography information for Graham Stuart
	tabling member	4778 label Biography information for Greg Smith

1250852

	registered interest
	date	11/11/2020
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what comparative assessment she has made of the level of inward investment into (a) the UK and (b) other European countries.
	tabling member constituency	Arundel and South Downs
	tabling member printed	Andrew Griffith
	uin	114357
	answer	answer is ministerial correction date of answer 19/11/2020 answer text <p>Latest ONS figures report that the UK’s inward Foreign Direct Investment (FDI) stock reached £1.5 trillion in 2018, a new record. According to UNCTAD, the UK held the 2nd highest FDI stock in the world in 2019, after the USA.</p><p>The Financial Times FDI Report found that the UK hosted more greenfield FDI projects than any other European country in 2019, with 1,271 landed ahead of Germany at 702 and Spain with 658.</p><p> </p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 19/11/2020 11:51:52 answering member 1482 label Biography information for Graham Stuart
	tabling member	4874 label Biography information for Andrew Griffith

1204204

	registered interest
	date	16/06/2020
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what assessment they have made of the most recent inward investment statistics.
	tabling member printed	Baroness Ritchie of Downpatrick
	uin	HL5803
	answer	answer is ministerial correction date of answer 23/06/2020 answer text <p>Two major FDI publication have recently been published, reflecting on European investment performance in 2019. The Financial Times’ FDI Report 2020 placed the UK top in Europe, with 1,271 recorded FDI projects – more than Germany and France combined (702 and 500 respectively). This gave the UK an overall market share of 20% in Europe.</p><p> </p><p>The EY UK Attractiveness Survey 2020 shows a different picture with the UK receiving fewer projects than France (1,109 to 1,197), therefore conceding the top spot in Europe. Despite the EY report recording an increase for the UK’s FDI project numbers, France saw a greater increase (5% compared to 16%).</p><p> </p><p>According to UNCTAD’s WIR 2020, the UK remains the top destination in Europe for attracting foreign direct investment with the highest inward FDI stock in Europe, and has improved its position to being the second highest inward FDI stock in the world, behind the US. The UK’s FDI stock of $ 2 trillion has risen by 10% compared to 2018 and almost doubled from its 2010 levels.</p><p> </p> answering member printed Lord Grimstone of Boscobel question first answered 23/06/2020 13:59:41 answering member 4876 label Biography information for Lord Grimstone of Boscobel
	tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1201696

	registered interest
	date	09/06/2020
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what assessment he has made of the effect of funding allocated to UK Trade and Investment on the level of foreign direct investment in (a) the UK, (b) Scotland and (c) Linlithgow and East Falkirk constituency since 2015.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	57287
	answer	answer is ministerial correction date of answer 17/06/2020 answer text <p>According to UNCTAD’s World Investment Report 2020, the UK’s level of FDI stock was over $2 trillion in 2019. This is more than France and Germany combined.</p><p> </p><p>With respect to Scotland, support for Foreign Direct Investment (FDI) is a joint responsibility of both DIT and the Scottish Government. The FDI results for Scotland reflect their joint efforts.</p><p> </p><p>In the most recent figures, for the financial year 2018/19, the total recorded number of FDI projects in the UK was 1,782, with 57,625 associated new jobs. DIT supported 81% of those projects accounting for 51,863 jobs. In the same period, 126 projects were recorded in Scotland, with 3,346 new jobs created as a result. DIT recognises the value that more granular data breakdown could provide but does not currently have the ability to report beyond UK regional level.</p><p> </p><p>Further historical data for recorded FDI projects can be seen below:</p><table><tbody><tr><td><p><strong>Measure</strong></p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td><p>UK FDI Projects</p></td><td><p><strong>2,213</strong></p></td><td><p><strong>2,265</strong></p></td><td><p><strong>2,072</strong></p></td><td><p><strong>1,782</strong></p></td></tr><tr><td><p>Scotland FDI Projects</p></td><td><p>108</p></td><td><p>183</p></td><td><p>141</p></td><td><p>126</p></td></tr><tr><td><p>UK total jobs</p></td><td><p><strong>115,974</strong></p></td><td><p><strong>107, 898</strong></p></td><td><p><strong>91,031</strong></p></td><td><p><strong>64,623</strong></p></td></tr><tr><td><p>Scotland total jobs</p></td><td><p>5,905</p></td><td><p>8,597</p></td><td><p>9,287</p></td><td><p>4,469</p></td></tr></tbody></table> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 17/06/2020 16:56:59 answering member 1482 label Biography information for Graham Stuart
	tabling member	4488 label Biography information for Martyn Day

1156171

	registered interest
	date	24/10/2019
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, which Departments she has directed to be responsible for attracting foreign direct investment.
	tabling member constituency	Mid Sussex
	tabling member printed	Sir Nicholas Soames
	uin	4907
	answer	answer is ministerial correction date of answer 29/10/2019 answer text <p>As outlined in the Explanatory Note accompanying the Prime Minister’s Written Ministerial Statement on Machinery of Government changes laid on 18 July 2016, the Department for International Trade is responsible for ‘both inward and outward investment enabling the Government to take a more strategic approach to how both can contribute to UK prosperity and serve the nation’s long-term economic aims’.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 29/10/2019 10:14:03 answering member 1482 label Biography information for Graham Stuart
	tabling member	116 label Biography information for Lord Soames of Fletching

1148119

	registered interest
	date	03/10/2019
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what guidance his Department issues to foreign companies planning to invest in the UK.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	294168
	answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Department for International Trade (DIT) plays a critical role in promoting the UK as the natural choice for overseas investment. The Department provides support to inward investors who wish to set up in the UK.</p><p> </p><p>These services range from providing information, guidance and support on the UK business environment, to access to finance, talent and skills, visas and migration, research and innovation, and sector experts.</p><p> </p><p>DIT also provides an end-to-end service for investors, through initiatives such as the Strategic Relationship Management Programme, both in the UK and overseas, working with colleagues across government, in London, UK regions and Devolved Administrations. This suite of services helps investors prosper and succeed, which in turn leads them to reinvest further in the UK. The UK has the highest stock of FDI of any nation in Europe.</p><p> </p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 08/10/2019 16:13:00 answering member 1482 label Biography information for Graham Stuart
	tabling member	4131 label Biography information for Jim Shannon