Environment Protection: Foreign Investment in UK

Department for International Trade written question – answered on 15th June 2022.

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Photo of Matt Vickers Matt Vickers Conservative, Stockton South

To ask the Secretary of State for International Trade, what steps her Department has taken to increase foreign direct investment in the UK’s green industries.

Photo of Mike Freer Mike Freer Assistant Whip, Parliamentary Under-Secretary (Department for International Trade), Parliamentary Under Secretary of State (Foreign, Commonwealth and Development Office) (Minister for Equalities)

In a speech on 18 May, the Secretary of State for International Trade set out the UK's ambitions to become a global leader on Green Trade, including through driving greater investment into green industries that will boost economic growth, strengthen supply chains and increase exports, whilst cutting emissions.

The Department has already taken major steps to build the UK’s green industrial base, including those detailed in my answer to the hon. Member for Stockton South on 19 April 2022 (UIN 148430), and my answer to the hon. Member for Hendon on 30 November 2021 (UIN 79334).

To build on successes to date, this Autumn the Department for International Trade, along with the Department for Business Energy and Industrial Strategy, will host a Green Trade and Investment Expo in the North East of England, to showcase green investment opportunities, as well as promoting the UK’s climate solutions to overseas buyers.

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