Commons Sense

House of Commons · Ministers' Questions

Foreign Investment: UK Summit

Tuesday 8 April 2025 · 2 questions

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 1 Partly answered 1 Not answered 0

Key points

  • UK international investment summit 2024 saw companies commit to 63 billion of investment.
  • Companies' commitments are expected to create around 30,000 jobs.
  • The Business Secretary will announce in coming weeks that some projects are already underway.

Topics (select to filter)

Questions & Answers

Q1 Lincoln Jopp Con Spelthorne
Business & Trade
Context

The UK hosted an international investment summit in October with a commitment of £63 billion worth of investment announced by the government.

Question

What assessment has been made of the potential impact of the UK international investment summit 2024 on levels of foreign investment?

Answer from Torsten Bell (Parliamentary Secretary to the Treasury)

Increasing investment in the UK, both public and private, is the Government’s absolute priority. At the international investment summit, companies committed to a record-breaking £63 billion-worth of investment, which is set to help create around 30,000 jobs.

Answered
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Q2 Lincoln Jopp Con Spelthorne
Business & Trade
Context

The government announced a £63 billion commitment at the UK International Investment Summit in October, which has been six months since.

Question

Given that the Government have had six months and £63 billion of investment committed, how much money has gone out of the door for those oven-ready projects across the country?

Answer from Torsten Bell (Parliamentary Secretary to the Treasury)

The hon. Member will be excited to know that the Business Secretary will be announcing in the coming weeks that shovels are already in the ground, or will be going into the ground, for some projects.

Partly answered

Not addressed: specific details on money spent and projects initiated

How: Not Pre-Empting Announcements

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