Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of potential impact of the private sector investment announced at the UK–Japan business summit on businesses in Buckingham and Bletchley constituency.

Japan is an important economic partner, with more than 1,200 Japanese owned companies in the UK, supporting over 150,000 jobs across the UK

On 7 March, Foreign Secretary David Lammy and Business and Trade Secretary Jonathan Reynolds visited Tokyo for the inaugural UK-Japan Economic 2+2 Dialogue. The two Secretaries of State were accompanied by a UK business delegation and met representatives of Japanese business and industry

On 9 July, Minister for Investment Poppy Gustafsson travelled to Tokyo and met with Japanese businesses to support further Japanese investment into the UK. During the visit, Sumitomo Corporation announced its aim to facilitate £7.5 billion of investment into key UK infrastructure and clean energy projects by 2035. Department for Business and Trade officials are monitoring the implementation of these projects closely.