Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what steps steps her Department is taking to help incentive overseas investment in research and development businesses based in the UK.

The UK is a highly attractive destination for inward investment in R&D with a world-class research and skills base. Foreign direct investors have invested over £2 trillion in the UK, the UK’s FDI stock has more than doubled over the last 10 years showing the confidence multinationals have in the UK as place to do business (ONS).

Through the Science and Technology framework my department is working to improve all aspects of the R&D ecosystem in the UK to support both domestic and international businesses to invest in R&D.