To ask the Secretary of State for Business and Trade, what representations his Department has made to industry on investment in towns historically impacted by de-industrialisation.
Answered on
22 January 2025
The Department works across the UK, including towns impacted by deindustrialisation, to showcase strong commercial investment opportunities to potential investors and support business to grow, and provides extensive support to small businesses through the network of Growth Hubs. The government’s Industrial Strategy will focus on tackling barriers to growth in highest potential growth-driving sectors and places, creating the right conditions for increased investment, high-quality jobs and ensuring tangible impact in communities right across the UK. The National Wealth Fund will support its delivery and mobilise billions of pounds of investment. Through the Government owned British Business Bank, we are also investing over £1billion through their regional Investment Fund programmes.