Foreign Investment in UK

Department for International Trade written question – answered on 20th April 2021.

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Photo of Greg Smith Greg Smith Conservative, Buckingham

To ask the Secretary of State for International Trade, whether officials in her Department will continue to work with representatives of the employee relocation sector to maximise opportunities to attract inward investment by exploring options to give the UK a competitive advantage over other prospective destinations; and if she will make a statement.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

The employee relocation sector has an important role to play in supporting inward investment into the United Kingdom. My officials will continue to engage with it.

The UK is one of the most open economies and one of the foremost destinations for inward investment in the world. In 2019/20 the Department for International Trade provided support for 1,449 Foreign Direct Investment projects, creating almost 45,000 new jobs and safeguarding a further 8,000. We also recently launched a new points-based, single global immigration system to attract a wide pool of skilled workers; this will allow a fairer, skills-led system, and a process that is simpler and quicker for employers.

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