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Business: Bermuda

Volume 474: debated on Wednesday 2 April 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what assistance his Department provides to Bermudan businesses wishing to (a) invest in the United Kingdom and (b) take part in joint ventures with UK companies; how much was made available for these purposes in each of the last five years; and if he will make a statement. (192530)

UK Trade and Investment (UKTI) has the lead role within Government for delivering trade development and inward investment services for business. It brings together the work of the Department for Business, Enterprise and Regulatory Reform and the Foreign and Commonwealth Office on international trade and investment.

UKTI and its network of partner agencies across the UK welcome, and are available to assist, foreign direct investment (FDI) projects seeking to locate in the UK from all over the world including Bermuda. However we dedicate specific resource to priority markets to maximise taxpayers’ investment and Bermuda is not one of these.