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Supporting investments in the UK

Status: Closed Opened: 20 Jan 2023 Closed: 24 Sep 2023 7 recommendations 21 conclusions 1 report

The Department for International Trade (DIT) is responsible for supporting investment into the UK from overseas. Working with the Office for Investment and a range of other government departments and bodies, DIT aims to achieve economic growth in all the nations and regions of the UK. Based on the NAO investigation into supporting investment in … Show more

Clear

Reports

1 report
Title HC No. Published Items Response
Fifty-Sixth Report - Supporting investment into the UK HC 996 9 Jun 2023 28 Responded

Recommendations & Conclusions

1 item
22 Recommendation Fifty-Sixth Report - Supporting investm… Deferred

Strengthen integrated working with other government departments and devolved administrations on investment.

The Department needs to work in an integrated way with other government departments which hold policy responsibility for some of the sectors it aims to attract investment into, and which hold policy levers, such as tax, regulation and visa requirements that can help reduce barriers to investment. The Department also … Read more

Government response AI summary
The government agrees with the recommendation but states that further steps are necessary to coordinate investment promotion across Whitehall. It largely defers specific action, indicating that the Harrington Review will examine cross-government working, and the department will implement relevant recommendations upon its conclusion.
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HM Treasury

Oral evidence sessions

1 session
Date Witnesses
6 Mar 2023 Amanda Brooks CBE · Department for Business and Trade, Ceri Smith · Department for International Trade, Daniel Gieve · Office for Investment, Gareth Davies CB · Department for Business and Trade View ↗

Who gave evidence

4 witnesses
WitnessOrganisationSessions
Amanda Brooks CBE · Director General, Trade Policy, Implementation an… Department for Business and Trade 1
Ceri Smith · Director General in Strategy and Investment Department for International Trade 1
Daniel Gieve · Chief Executive Officer Office for Investment 1
Gareth Davies CB · Permanent Secretary Department for Business and Trade 1

Correspondence

1 letter
DateDirectionTitle
25 May 2023 — Correspondence from Gareth Davies, Permanent Secretary, Department for Business…