Economic Situation: South East
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to help reduce economic dependence on the South East of England.
Answered by Blair McDougall
Under the UK’s Industrial Strategy, the Department for Business and Trade is driving regional growth by supporting priority sectors and attracting investment. This includes working with partners to deliver Industrial Strategy Zones, which provide tax incentives and funding to stimulate investment in city regions such as the advanced materials manufacturing in Greater Manchester, defence in Plymouth, clean energy in Inverness and the Highlands, compound semiconductors in South Wales and advanced manufacturing, photonics, and biotechnology in Northern Ireland.
The Business Growth Service offers SMEs a streamlined, UK-wide platform to access funding, expert advice, and export opportunities, reducing administrative burdens and connecting firms with local and national support through business.gov.uk.
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