Foreign Investment in UK: West Midlands
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to encourage foreign direct investment in the West Midlands.
Answered by Chris McDonald
The Department actively promotes FDI into the West Midlands through the Office for Investment (OfI), which works closely with the West Midlands Combined Authority and regional stakeholders to identify, shape, and market regional opportunities internationally. This reflects the importance of the West Midlands to delivering the UK’s Modern Industrial Strategy and Infrastructure Strategy. We held the Regional Investment Summit jointly with WMCA in Birmingham last year which saw £635m of private investment announced for West Midlands and recently supported Mayor Richard Parker’s trade mission to India to engage existing and prospective investors.
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