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Business: Investment

Question for Department for Business, Energy and Industrial Strategy

UIN HL14626, tabled on 18 March 2019

To ask Her Majesty's Government what assessment they have made of a forecast by the British Chambers of Commerce that there may be a decline in business investment this year as a result of Brexit uncertainty.

Answered on

27 March 2019

The Government continues to communicate with businesses as we prepare to leave the European Union. This includes close engagement with business representative organisations such as the British Chambers of Commerce.

Through our ambitious Industrial Strategy, the Government is fostering a competitive environment where businesses have the confidence to invest and thrive. We are forging long term strategic partnerships with businesses through our Sector Deals and have committed £37bn through the National Productivity Investment Fund by 2023/24, supporting investment in transport, housing and digital infrastructure.

The Government is also facilitating investment of £20bn in high potential businesses, including the establishment of the £2.5bn British Patient Capital programme.