Asked by: Lord Lennie (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government whether the Office for Investment seeks investment from (1) companies, or (2) investors, who are operating in the (a) oil, (b) gas, and (c) coal, sectors.
Answered by Lord Grimstone of Boscobel
The Office for Investment was launched in November 2020 as a small, agile team with the convening power to corral an all of government approach to unblocking barriers for the most high-impact, high-value investors and turning the UK’s investment aspirations into investable propositions.
The Office is working closely with the Department for International Trade’s Posts and Regions as well as other relevant government departments, to identify and secure major investment into the UK demonstrating the government’s ambition to be the best place in the world for investors.
The Office is pursuing investment opportunities that represent the greatest strategic value to the UK economy, and which align with the government’s priorities on levelling up and net zero. Inward investment is integral to the UK’s post-COVID response.
Asked by: Lord Lennie (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government how much total investment has been secured by the Office for Investment since it was launched in 2020; and in which sectors this investment has been secured.
Answered by Lord Grimstone of Boscobel
The Office for Investment was launched in November 2020 as a small, agile team with the convening power to corral an all of government approach to unblocking barriers for the most high-impact, high-value investors and turning the UK’s investment aspirations into investable propositions.
The Office is working closely with the Department for International Trade’s Posts and Regions as well as other relevant government departments, to identify and secure major investment into the UK demonstrating the government’s ambition to be the best place in the world for investors.
The Office is pursuing investment opportunities that represent the greatest strategic value to the UK economy, and which align with the government’s priorities on levelling up and net zero. Inward investment is integral to the UK’s post-COVID response.
Asked by: Lord Lennie (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what are the (1) numbers, (2) names, and (3) countries of origin, of (a) businesses, and (b) investors, the Office for Investment has met with since it was launched in 2020.
Answered by Lord Grimstone of Boscobel
The Office for Investment was launched in November 2020 as a small, agile team with the convening power to corral an all of government approach to unblocking barriers for the most high-impact, high-value investors and turning the UK’s investment aspirations into investable propositions.
The Office is working closely with the Department for International Trade’s Posts and Regions as well as other relevant government departments, to identify and secure major investment into the UK demonstrating the government’s ambition to be the best place in the world for investors.
The Office is pursuing investment opportunities that represent the greatest strategic value to the UK economy, and which align with the government’s priorities on levelling up and net zero. Inward investment is integral to the UK’s post-COVID response.
Asked by: Lord Lennie (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what steps they are taking to develop more resilient supply chains after the COVID-19 pandemic. [T]
Answered by Lord Grimstone of Boscobel
Free trade and resilient supply chains through open markets will be crucial to the global economic recovery. That is why this Department is factoring-in critical supply chains into our COVID-19 strategy and response, working collaboratively with other government departments.
The Department will continue to work with business to build further resilience for the future. Alongside this, the United Kingdom will fight protectionism and unfair trade practices tirelessly, including through the G20 and in the WTO.