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Office for Investment

Asked by Callum AndersonLabourDepartment for Business and TradeTabled Answered 17 September 2024UIN 4875

The question

To ask the Secretary of State for Business and Trade, whether his Department plans to review the Office for Investment's strategy.

Answered by Sarah Jones

The Office for Investment is a small joint unit between 10 Downing Street and the Department for Business and Trade (DBT), the department responsible for investment into the UK. It is a delivery-focused team whose strategic objectives are fully aligned with those of DBT. It was established to increase the UK’s chances of landing the most strategically important investments. It works alongside teams from DBT, the UK’s international network, and other departments, providing an additional level of support for a handful of high-value projects which are particularly complex and require cross-government convening to unblock barriers.

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