Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what plans his Department has to expand the UK’s investment promotion activities targeted at sovereign wealth funds.

As part of the 10 Year Infrastructure Strategy, the government announced the creation of the Strategic Investment Opportunities Unit to shape and unlock investment opportunities for strategic investment. This includes originating new investment opportunities that can leverage private capital, including Sovereign Wealth Funds, and deliver government objectives, including to meet the UK’s infrastructure needs, and deliver our Industrial Strategy across the UK. This follows the OfI’s expansion last year, to strengthen our footing globally with the deepest pools of capital.