Asked by: Alyn Smith (Scottish National Party - Stirling)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, what discussions he has had with Cabinet colleagues on the adequacy of funding arrangements for Freeports.
Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government has evaluated the public benefit and value for money each Freeport will deliver through the competitive process for selecting Freeport locations and subsequently through a robust business case process. Once approved, these business cases, including details of the benefits the Freeport will deliver, are published online. To ensure Freeports are delivering these returns to the UK and Scottish economies, the Government is also monitoring and evaluating their delivery; our approach is published here.
This allows us to identify the impacts Freeports are already having: for example, we announced in November 2023 that Freeports have already generated £2.9 billion in investment in under two years, which will in turn create 6,000 jobs. It also enables us to monitor the suitability of the Freeports package and identify opportunities to enhance and double down on it. For example, we have recently extended the tax reliefs in Freeports from five to ten years and launched a £150 million flexible Investment Opportunity Fund to secure specific business investment opportunities.
Asked by: Alyn Smith (Scottish National Party - Stirling)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an estimate of the of the proportion of projected profits earned by Freeports to be received by (a) offshore investors, (b) UK companies and (c) Scottish companies.
Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government has evaluated the public benefit and value for money each Freeport will deliver through the competitive process for selecting Freeport locations and subsequently through a robust business case process. Once approved, these business cases, including details of the benefits the Freeport will deliver, are published online. To ensure Freeports are delivering these returns to the UK and Scottish economies, the Government is also monitoring and evaluating their delivery; our approach is published here.
This allows us to identify the impacts Freeports are already having: for example, we announced in November 2023 that Freeports have already generated £2.9 billion in investment in under two years, which will in turn create 6,000 jobs. It also enables us to monitor the suitability of the Freeports package and identify opportunities to enhance and double down on it. For example, we have recently extended the tax reliefs in Freeports from five to ten years and launched a £150 million flexible Investment Opportunity Fund to secure specific business investment opportunities.
Asked by: Alyn Smith (Scottish National Party - Stirling)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the return of investment from Freeports for (a) the UK economy, (b) the Scottish economy and (c) shareholders and private investors.
Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government has evaluated the public benefit and value for money each Freeport will deliver through the competitive process for selecting Freeport locations and subsequently through a robust business case process. Once approved, these business cases, including details of the benefits the Freeport will deliver, are published online. To ensure Freeports are delivering these returns to the UK and Scottish economies, the Government is also monitoring and evaluating their delivery; our approach is published here.
This allows us to identify the impacts Freeports are already having: for example, we announced in November 2023 that Freeports have already generated £2.9 billion in investment in under two years, which will in turn create 6,000 jobs. It also enables us to monitor the suitability of the Freeports package and identify opportunities to enhance and double down on it. For example, we have recently extended the tax reliefs in Freeports from five to ten years and launched a £150 million flexible Investment Opportunity Fund to secure specific business investment opportunities.
Asked by: Baroness Smith of Llanfaes (Plaid Cymru - Life peer)
Question to the Wales Office:
To ask His Majesty's Government what discussions they have had with the Welsh Government on the implementation of the recommendations of the Independent Commission on the Constitutional Future of Wales.
Answered by Lord Harlech - Lord in Waiting (HM Household) (Whip)
The UK Government has had no discussions with the Welsh Government on the implementation of the recommendations of the Independent Commission on the Constitutional Future of Wales.
The Commission was established by and reported to the Welsh Government. The Counsel General shared an update on the Welsh Government's consideration of the Commission’s final report with the Inter-Ministerial Standing Committee in March.
UK Government Ministers have regular discussions with Welsh Ministers on a wide range of issues. Many such discussions focus on our joint work to support economic growth and jobs in Wales, including through delivering Freeports, Investment Zones and City and Growth Deals.
Asked by: Kenny MacAskill (Alba Party - East Lothian)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, what powers he has impose financial support for new ferry routes as a condition for companies seeking to operate Freeports.
Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
I refer the Hon Member to the answer given to Question UIN 2213 on 20 November 2023.
Freeports are not operated by individual companies, but are a partnership of key public and private stakeholders coming together to deliver durable economic growth for their regions.
Private sector operators provide services to meet wider passenger or freight demands and so, new ferry routes are developed on a commercial basis.
More information pertaining to Scottish Green Freeports can be found as this link.
Asked by: Chi Onwurah (Labour - Newcastle upon Tyne Central)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether her Department supports foreign investment in science and technology by region.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
Investment is at the very heart of the UK economy - it supports economic growth, creates jobs and enables improvements in productivity for new and existing firms. It is also essential for successful delivery of the Government's objective to make the UK a science and technology superpower by 2030.
The Department for Business and Trade promotes a range of investment opportunities across the science & technology sector. DBT works to attract foreign corporates to the UK, developing compelling investment propositions for DBT's international network to bring to prospective investors, this includes both sector-wide and place-based opportunities. DBT has dedicated based staff across the UK who work with the DAs/their agencies, wider DBT teams, Office for Investment and other UK government departments to deliver investment in priority areas, including science and technology. DBT teams work closely with partners to deliver events to attract investment, such as the Northern Ireland Investment Summit that was held in Belfast, September 2023.
The UK has 13 new Investment Zones which will benefit from £160 million each of Government funding to unlock foreign investment across priority sectors, especially science and technology, with a focus on driving innovation and creating quality jobs. These will be new hubs for investment and innovation across the UK and the funding spread over 10 years, will be spent on fiscal incentives and/or flexible spend to support attracting FDI. In line with the government's levelling up objectives, they are established in places with significant unmet productivity potential, where existing strengths and assets aligned to priority sectors can be leveraged to increase opportunities for local communities. Investment Zones will be established in partnership between central government, local government, research institutions and the private sector. The Investment Opportunity Fund is intended to double down on the objectives of Freeports and Investment Zones by providing a flexible, agile pot of funding that government can use to secure and respond to opportunities in these areas as they emerge.
Asked by: Emily Thornberry (Labour - Islington South and Finsbury)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, pursuant to the Answers of 15 March 2024 to Questions 17337 and 17338 on Freeports: Foreign Investment in UK, when his Department plans to publish the UK Freeports Programme Annual Report 2023; and if he will include the information on foreign direct investment performance (a) at the level and (b) for the dates requested in Questions 17337 and 17338.
Answered by Jacob Young - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
Announcements will be set out in due course.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government, further to the Institute for Public Policy Research report State of the North 2024: Charting the Course for a Decade of Renewal, published in March, what steps they are taking to address the widening gap in employment between London and the rest of England.
Answered by Baroness Scott of Bybrook - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This Government has made significant progress in creating jobs across the whole of England, and we are taking further steps to reduce regional disparities in employment. The Living Standards mission in the Levelling Up White Paper commits to increasing pay, employment and productivity in every region of the UK by 2030.
The refocussed Investment Zones programme covers eight places across the North and Midlands, providing more jobs in places and levelling up the economy. Additionally, all eight English Freeports are open for business, unlocking investment into port communities and their hinterlands and bringing jobs to these areas.
Following trailblazer deals agreed with the West Midlands and Greater Manchester in March 2023, further trailblazing provisions have been agreed with the North East, enabling local leaders to drive growth in key sectors and tailor local employment support approaches and initiatives that address needs in the area.
Asked by: Lord Dodds of Duncairn (Democratic Unionist Party - Life peer)
Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government how many freeports have been announced for each country of the United Kingdom in the past 10 years; and where they are located.
Answered by Baroness Scott of Bybrook - Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
Information on the number of Freeports announced in the United Kingdom in the last ten years and their locations can be found at the following link.
Following discussions with stakeholders in Northern Ireland about how best to deliver the benefits associated with Freeports and Investment Zones there, the government announced at the Spring Budget that we will establish an Enhanced Investment Zone offer in Northern Ireland with £150 million in funding, able to be used flexibly across spending and tax levers.
Asked by: Emily Thornberry (Labour - Islington South and Finsbury)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to her Department's Freedom of Information response of 29 January to the Rt Hon Member for Islington South and Finsbury of 29 January 2024 (reference number FOI2023/08394), how many freeports were recorded as having an amount of capital expenditure resulting from verified foreign direct investment of (a) £0, (b) £1 to £500,000, (c) £500,001 to £10,000,000, (d) £10,000,001 to £100,000,000, (e) £100,000,001 to £400,000,000, (f) £400,000,001 to £640,000,000 and (g) more than £640,000,000 between 1 December 2021 and 29 February 2024.
Answered by Nusrat Ghani - Minister of State (Minister for Europe)
There is an expectation that FDI performance of UK Freeports will be assessed in the upcoming annual report on the programme that DLUHC will be releasing in Summer. The data used in the FOI remain the most recent in the public domain.