Recommendation 28

We asked the Department whether it planned to formalise its relationships with the various government bodies that work to support investment through memoranda of understanding as it had done with UKEF. The Department said it did not have current plan to do this, as in some cases it has existing formal relationships with these bodies. However, it does plan to make sure its work to support the UK as a competitive business environment is aligned with its arms-length bodies.74 We encouraged it to also consider its alignment with the UK Infrastructure Bank which it said it had regular interactions with.75 74 Q 98 75 Q 90 18 Supporting investment into the UK