Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of increases in UK-Spain co-operation on levels of inward private sector investment into (i) Milton Keynes and (ii) Buckinghamshire.

• According to figures published by the Spanish Chamber of Commerce in the UK, the UK was the second largest destination for Spanish foreign direct investment stock at the end of 2023, supporting over 140,000 jobs in the UK in 2023.
• During her visit to Madrid, the Chancellor welcomed a £240m investment from Exolum while Indra will create 600 jobs in the UK after being awarded a contract by Transport for London. Spanish bank Santander has also developed its UK headquarters in Milton Keynes, where it employs thousands of people.