Policy paper

The Harrington Review of Foreign Direct Investment

Lord Harrington’s Review looks at how the UK can better attract foreign direct investment into key growth sectors to ensure the UK is the most attractive destination in Europe for internationally mobile investment.

• From: HM Treasury
• Published: 22 November 2023
• Last updated: 23 November 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Harrington Review of Foreign Direct Investment – November 2023

PDF, 5.51 MB, 124 pages

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HM Government response to Lord Harrington’s Review into the government’s approach to attracting foreign direct investment

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HM Government Response to Lord Harrington’s Review into the government’s approach to attracting foreign direct investment

PDF, 157 KB, 11 pages

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.

Published 22 November 2023
Last updated 23 November 2023 + show all updates

1. 23 November 2023

   Page 73 of the Harrington Review of Foreign Direct Investment – November 2023 edited for clarity

2. 22 November 2023

   First published.