Oral QuestionDepartment for Business and Trade

What steps he is taking to attract inward investment.

Tabled: 27 August 2024Answered: 5 September 2024

Asked by

Yuan Yang

LabourEarley and Woodley

Answering Minister

the Secretary of State for Business and Trade

Answer from Hansard

The Minister for Industry (Sarah Jones)

I thank my hon. Friend for her question, and welcome her and her expertise to this House. As she knows, investment by private corporations was the lowest in the G7 for almost all of the last Parliament, and the new Government are determined to reverse that decline. That begins with economic stability, something every business we talk to is crying out for. It involves the development of our industrial strategy, the levers to encourage investment, the national wealth fund, the British jobs bonus and the Industrial Strategy Council, which will provide the infrastructure that investors can understand and deal with. Next month, we will host the international investment summit with 300 industry leaders, demonstrating our mission of long-term growth, and because there is not a moment to lose, I am going to Italy tomorrow to meet key Italian investors to the UK and show that Britain is back.