Business: Investment

Department for Business and Trade written question – answered am ar 14 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Conor McGinn Conor McGinn Annibynnol, St Helens North

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.

Photo of Alan Mak Alan Mak Minister of State (Department for Business and Trade) (jointly with the Cabinet Office)

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.

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