Investment: Economic Situation
The question
To ask the Chancellor of the Exchequer, what steps her Department is taking to support investment into the UK's economic security.
Answered by Lucy Rigby
The Modern Industrial Strategy committed to strengthen our economic security through several steps, including through our uplift in defence spending, and strategic investments in critical sectors. The government is prioritising economic security and resilience through our public finance offer, with Public Financial Institutions and interventions working together to direct more investment at strategic sectors and supply chains. This includes the British Business Bank’s £4billion additional capital for Industrial Strategy sectors that will be the future cornerstone of the UK’s supply chains and security, and committing up to £330million to the expansion of the National Security Strategic Investment Fund, which invests into advanced dual-use technology companies to support the National Security and Defence community and start-ups across the country.
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