Source · Select Committees · Public Accounts Committee
Fifty-Sixth Report - Supporting investment into the UK
Public Accounts Committee
HC 996
Published 9 June 2023
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Fifty-sixth report from Session 2022-23 · published 24 Sep 2023
Recommendations & Conclusions
8
Conclusion
Not Addressed
Department acknowledges marginal added value of its inward investment support, despite GVA calculations.
Conclusion
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 …
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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.
HM Treasury
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