Adam Afriyie
MP for Windsor
Windsor MP asks Government question on investment

On Tuesday 28th February Adam asked Chancellor of the Exchequer for an update on the work that they are doing to make Britain a better place for private sector firms to invest:

Treasury Questions – Tuesday 28th February

Adam Afriyie (Windsor, Conservative): I very much welcome this Government’s healthy commitment to scientific spending over several years, but it seems that our business investment in research is below the OECD average. May I urge the Chancellor to examine measures that will increase private company business expenditure on research?

David Gauke (Chief Secretary to the Treasury): As the Chancellor announced at the autumn statement, the Government are significantly increasing investment in research and development, rising to an extra £2 billion a year by 2020-21. We have also made the R&D tax credit regime much more generous. We want to ensure that the UK remains an attractive place for business to invest in innovative research.

Britain needs to encourage investors to come to the UK

It would be better if more foreign money was invested in British companies to create jobs and pay taxes rather than simply funding Government borrowing. The answer to a recent parliamentary question highlights the need for a change if overseas money is to help boost jobs and economic growth.

In a column written for the Huffington Post, I argue that the Government needs to strengthen the investor visa in three ways to encourage more investment in UK private companies.

Read the article on the Huffington Post.