Foreign Investment in UK
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking with Cabinet colleagues to encourage inward investment into the UK.
Answered by Stephen Doughty
The Foreign Secretary has tasked the Foreign, Commonwealth and Development Office (FCDO) to use its diplomatic influence to champion the UK economy overseas. Our diplomats will be the sales force for UK plc, working with colleagues from across government to ensure we are attracting investment to the UK. This includes directly working with businesses and partner governments, such as a recent Foreign Secretary hosted business roundtable with senior UK representatives from top Japanese firms who have invested in the UK.
In addition, the National Security and Investment Act (NSI) will also aid the UK's growth ambitions by allowing the Government to intervene in transactions that threaten national security.
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