Commons Sense

House of Commons · Written Ministerial Statement

Attracting Investment

14 October 2024 · Prime Minister

Proposed by Keir Starmer Lab Holborn and St Pancras

Business & Trade

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

View on Parliament.uk

At a glance

Key points

  • The Office for Investment will be expanded to enhance the UK's attractiveness as an investment destination.
  • The Office for Investment will report jointly to HM Treasury, the Department for Business and Trade, and No. 10.
  • A new joint Minister for Investment will oversee the Office for Investment's work, effective immediately.

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.
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