To ask Her Majesty's Government what plans they have to encourage investment in businesses based in the (1) North East, (2) East Midlands, and (3) North West of England.
Answered on
23 May 2022
The £1.4bn Global Britain Investment Fund will drive investment in industries where the UK has both natural strengths and geographic spread. This includes in the automotive sector, which has regional clusters in the West Midlands, North West and North East; the life sciences sector, where currently two thirds of manufacturing jobs are already located outside of London and the South East; as well as the offshore wind sector, which is generating new investment in coastal communities in the North East and East of England as well as in Scotland and Wales.