I am making this statement to bring to the House’s attention the following Machinery of Government change.

In support of the Government’s efforts to make the UK a great place to invest, the Office for Investment will be expanded, and will now report jointly into HM Treasury, the Department for Business and Trade and No. 10. A new joint HM Treasury and Department for Business and Trade Minister for Investment will oversee this work.

Accounting Officer responsibilities for the Office for Investment remain with the Department for Business and Trade. This change is effective immediately.