Harrington Review of
Foreign Direct Investment – November 2023
HM Government response to
Lord Harrington’s Review into the government’s approach to
attracting foreign direct investment
Details
In March 2023, the Chancellor and Secretary of State for the
Department for Business and Trade asked Lord Harrington to
conduct a Review into the UK’s approach to attracting foreign
direct investment in the face of increasing competition for
internationally mobile investment. The Review focused on the use
of tools and structures to secure major FDI investments into the
key growth sectors outlined by the Chancellor – Green Industries,
Advanced Manufacturing, Life Sciences, Digital Technologies, and
Creative Industries.
The Review engaged with over 200 companies, financial
institutions, and sovereign wealth funds to identify how the UK
government can build on its strengths and address key barriers to
ensure it is the most attractive destination in Europe for inward
FDI. Lord Harrington’s recommendations put investment at the
heart of all parts of government.
The Review was published on 22 November 2023 at Autumn Statement.
The government response to the external review sets out how the
government intends to respond to the Review’s recommendations.
The Review’s Terms of
Reference are set out on GOV.UK.
