Source · Select Committees · Public Accounts Committee
Fifty-Sixth Report - Supporting investment into the UK
Public Accounts Committee
HC 996
Published 9 June 2023
Conclusions (1)
8
Conclusion
Not Addressed
The Department acknowledged that most investment would still happen without its support and that its added value is marginal. It said that businesses would still decide to invest in the UK, but they would find it harder, and some investments would not happen.13 The Department told us that it has …
Government Response Summary
The government's response discusses plans to explore expanding investor surveying to include those who abandoned investment plans, and evaluating data from other agencies. It does not directly address the committee's observations regarding the department's existing estimates of its added value and economic impact.