Source · Select Committees · Public Accounts Committee
Recommendation 18
18
Department lacks comprehensive overview of local area strengths for investors.
Conclusion
The National Audit Office found that the Department does not have a clear overview of the relative strengths of local areas across the UK in different industry sectors to help it identify the most suitable projects for investors.43 The Department said that it is fair to ask whether it has a deep enough understanding of the comparative advantages and the real strengths of different areas.44 It addresses this as best it can by trying to ensure that investors are aware of opportunities across the country, including through the ‘investment atlas’ (the Department’s website listing FDI and capital investment opportunities across the UK) but agreed that developing this understanding is a work in progress.45 The role of overseas posts
Government Response
A response document is linked to this report, dated 24 September 2023. Response attribution to this conclusion has not been verified. Read the response document ↗