Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to page 22 of the Plan for Change, published on 5 December 2024, CP 1210, what steps he has taken to (a) reform and (b) expand the Office for Investment.

As announced by the Prime Minister in October 2024, the enhanced Office for Investment (OfI) streamlines and simplifies our support for the most strategically important investors. The new OfI has more commercial expertise to originate, negotiate and land investment across all regions and nations of the UK. The new OfI is a joint No.10, HMT and DBT unit, spearheaded by the Minister for Investment, ensuring investment is prioritised at the top of government.