Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment he has made of the implications for his policies of the OECD Foreign Direct Investment Statistics which were published on 27 April 2018.

A recent OECD report estimated that the UK’s inward FDI stock increased by 6% from 2016 to 2017. Coupled with record levels of FDI projects into the UK in 2016/17, this demonstrates the attractiveness and stability of the UK investment environment. UK greenfield investment was stable between 2016 (£29.5 billion) and 2017 (£28.9 billion), despite inward FDI flows (including mergers and acquisitions activity) reducing by 90% between 2016 and 2017.

The Government continues to focus on maintaining an attractive investment environment through which we can maximise the benefits of foreign investment to the UK economy.