Supporting investments in the UK

Public Accounts Committee Closed Inquiry
Opened: 20 Jan 2023 Closed: 24 Sep 2023 Parliament page
The Department for International Trade (DIT) is responsible for supporting investment into the UK from overseas. Working with the Office for Investment and a range of other government departments and bodies, DIT aims to achieve economic growth in all the nations and regions of the UK. Based on the NAO … Read more
7 Recommendations
21 Conclusions
1 Report
1 Oral session
1 Letter
1 Event
Activity timeline 5 events
24 Sep
2023
Report published
9 Jun
2023
Report published
25 May
2023
Correspondence
6 Mar
2023
Oral evidence
6 Mar
2023
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
Oral evidence sessions 1 session
6 Mar 2023
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Supporting investments in the UK
Amanda Brooks CBE · Department for Business and Trade Ceri Smith · Department for International Trade Daniel Gieve · Office for Investment Gareth Davies CB · Department for Business and Trade
Title HC No. Published Items Response
Fifty-Sixth Report - Supporting investment into the UK HC 996 9 Jun 2023 28 Responded
Recommendations & Conclusions
1 result
Clear
8 Conclusion Not Addressed
Fifty-Sixth Report - Supporting in…
Department acknowledges marginal added value of its inward investment support, despite GVA calculations.
The Department acknowledged that most investment would still happen without its support and that its added value is marginal. It said that businesses would still decide to invest in the UK, but they would find it harder, and some investments … Read more
Government Response
The government's response discusses plans to explore expanding investor surveying to include those who abandoned investment plans, and evaluating data from other agencies. It does not directly address the committee's observations regarding the department's existing estimates of its added value and economic impact.
HM Treasury
View details
Government Response AI assessment · 28 of 7 classified
Accepted 14
Acknowledged 8
Deferred 1
Not Addressed 1
Rejected 4
Total 7 recs + 21 conclusions
Correspondence 1 letter
25 May 2023 Correspondence from Gareth Davies, Permanent Secretary, Department for Business and Trade, re Supporting Investment into the UK, dated 23 March 2023
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