Global Britain Investment Fund: Yorkshire and the Humber

Department for Business and Trade written question – answered at on 21 November 2023.

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Photo of Greg Knight Greg Knight Conservative, East Yorkshire

To ask the Secretary of State for Business and Trade, how many businesses in Yorkshire have received funding from the Global Britain Investment Fund; and what proportion of that Fund has been spent.

Photo of Greg Hands Greg Hands Party Chair, Conservative Party, Minister of State (Department for Business and Trade)

The Global Britain Investment Fund (GBIF) was launched in April 2022 which brought together several pre-existing funds under one banner. Following the machinery of government change in February 2023, GBIF is now shared between the Department for Business and Trade, the Department for Energy Security and Net Zero, and the Department for Science, Innovation and Technology.

To date 110 businesses have received funding, 4 of which are based in Yorkshire, with a total of £630m grant allocated representing 72% of the total £880m of funding for GBIF across all businesses.

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