15
Department supports levelling up by prioritising investments across the UK, mostly outside London/South East.
Conclusion
The Department aims to support the government’s levelling up objectives by prioritising investments that promote growth throughout the UK.35 It records the numbers of FDI projects it supports in each region and its forecasts of the number of new jobs each investment is expected to lead to.36 In 2021–22, 57% of projects supported by the Department were based outside London and the South East, 39% of projects were based in London or the South East, and 4% of projects had multiple UK sites.37
Government Response
A response document is linked to this report, dated 24 September 2023. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Inquiry
Supporting investments in the UK
Report
Fifty-Sixth Report - Supporting investment into the UK
09 Jun 2023
HC 996
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.3 yrs
Report published
09 Jun 2023