Question to the Ministry of Justice:

To ask His Majesty's Government what assessment they have made of the scale of the economic impact of the third-party litigation funding sector, in particular in terms of jobs, growth and inward investment in the UK.

The Government recognises the critical role third-party litigation funding plays in access to justice and in the attractiveness of England and Wales as a jurisdiction to resolve disputes. Whilst we have not carried out a formal assessment of its precise economic contribution, we are seized of its importance to growth and the attractiveness of our legal services sector as well as the role it plays in extending access to justice. That is why we are committed to ensuring it works fairly for all. We are considering the Civil Justice Council’s recent report on litigation funding, and we will outline next steps in due course.