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Attracting Investment

14 October 2024

Proposing MP
Holborn and St Pancras
Type
Written Ministerial Statement
Department
Prime Minister

At a Glance

Issue Summary

The statement addresses a Machinery of Government change to enhance the UK's attractiveness as an investment destination.

Action Requested

The Office for Investment will be expanded and report jointly into HM Treasury, the Department for Business and Trade, and No. 10. A new joint Minister for Investment will oversee this work, effective immediately.

Key Facts

  • The Office for Investment will now report jointly to HM Treasury, the Department for Business and Trade, and No. 10.
  • Accounting Officer responsibilities remain with the Department for Business and Trade.
  • This change is effective immediately.
Assessment & feedback
Summary accuracy