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Written question asked by Conor McGinn (Independent (affiliation)) on Tuesday, 7 May 2024, in the House of Commons. It was due for an answer on Monday, 13 May 2024 (named day). It was answered by Alan Mak (Conservative) on Tuesday, 14 May 2024 on behalf of the Department for Business and Trade.

Business: Investment

Question

To ask the Secretary of State for Business and Trade, what steps she is taking to help increase business investment in (a) St Helens North constituency and (b) the North West.

Answer

The Department for Business and Trade works with partners to promote investment opportunities across the North West to overseas investors and provide support for businesses wishing to be based within the region.

The Government is investing £80 million in the Liverpool City Region Freeport and £320 million in Investment Zones in the Liverpool City Region and Greater Manchester creating new jobs and attracting new businesses. Both the Investment Zone and Freeport have key locations in St Helens.

The Government also supports a range of programmes dedicated to helping businesses to grow. In March this year, we launched the second-generation Northern Powerhouse Investment Fund, with £660 million committed to support debt and equity finance for businesses across the North of England. Since its launch in 2012, the Start Up Loans programme has provided over £121 million of loans to new entrepreneurs across the North West region, as of 13 September 2023.

Secondary information

Type
Written question
Reference
24957
Session
2023-24
Subjects
Business Investment North West
Link
View this Written question on www.parliament.uk