Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to encourage investment in Harpenden and Berkhamsted constituency.

This government is committed to keeping Britain economically stable to spur investment. Investment that will increase the number of good, well-skilled jobs and improve productivity across the country.

Last month the government released the Industrial and Infrastructure Strategies. These 10-year plans will create and connect people to good jobs, support new housing and neighborhoods, and ensuring people can depend on vital public services. They will also increase business investment in 8 growth-driving sectors, by making it quicker and easier for businesses to invest and providing them with the certainty and stability needed for long-term investment decisions.

To support the success of our strategies the Department for Business and Trade has a dedicated investment function in the UK and overseas, including the new expanded Office for Investment (OfI) which is the UK’s investment promotion agency. This bolstered OfI redoubles UK efforts to secure investment to drive economic growth as part of Government’s Plan for Change and targets investors in high-growth and foundational sectors. Since taking office over 600 individual investments have been supported by this government, and we will continue to work hard on landing more.

This government is also committed to supporting growth driving initiatives such as the Oxford-Cambridge Corridor. At the start of this year Science Minister Vallance was appointed as Oxford-Cambridge Innovation Champion. He will strengthen connections between OxCam and the wider UK, so this region is an economic engine for the entire nation.

These measures will encourage investment into Harpenden and Berkhamsted, with local organisations like Rothamsted Research able to benefit from participation in OxCam-related research and innovation. The Industrial Strategy’s focus on frontier manufacturing sectors, including Agri-Tech, will further support this.