International Trade Secretary Dr Liam Fox MP has launched a new drive to attract foreign investment into the UK at a meeting of the Board of Trade in Stirling. The Department for International Trade (DIT) is promoting 68 UK investment projects across the UK worth more than £30 billion to overseas investors.
The 68 projects worth more than £30 billion, with more to be added over the coming months, will also be promoted through a revamped online one stop shop for potential investors: invest.great.gov.uk.
Dr Liam Fox, Secretary of State for International Trade and President of the Board of Trade, said:
“This is a bold and ambitious programme, building on the UK’s position as the leading destination for foreign investment in Europe through the government’s modern Industrial Strategy, helping to build a Britain fit for the future.
“And with more than £30 billion worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors to the UK.”
Dr Fox will also extend the successful High Potential Opportunities (HPO) scheme, piloted in Doncaster’s rail industry, Telford’s agri-tech sector, and Greater Manchester’s innovative graphene-based lightweight materials sector to new industries and parts of the UK.
The extended High Potential Opportunities scheme is now taking applications from business organisations, Local Enterprise Partnerships and councils from across England, Scotland, Wales and Northern Ireland. In the first phase, more than 20 new sectors and areas of the UK will benefit from a boost in investment – creating new jobs and securing the UK’s prosperity.