Written questions by Griffith.

What the total stock of UK corporate bonds held by non-resident investors was in each quarter of the last five years for which figures are available.

As part of their Balance of Payments release, the Office for National Statistics produce statistics on cross-border transactions and positions. This includes information on the aggregate market value of UK quoted equities held by non-resident investors, net inflows of portfolio and other investment from non-resident investors, as well as the total stock of UK corporate bonds held by non-resident investors. The ONS published their most recent Balance of Payments release on 28 March 2025, which is available on their website at Balance of Payments, UK - Office for National Statistics. The statistics on inflows and stocks/market values can be found in Table J and in Table K respectively.

How many UK-based start-ups raised venture-capital rounds that included at least one overseas investor in each of the last five years; and what the total capital raised in those rounds was in each year.

According to figures recently published by the BVCA, UK businesses raised £9bn of venture and growth capital in 2024 - a 12.5% rise compared to 2023. This reflects the UK’s position as Europe’s leading hub for Venture Capital, attracting investment into our world class technology and innovation. The Government has introduced a range of new measures to unlock more later stage capital from domestic sources, such as the Mansion House reforms and the British Growth Partnership. This will ensure that the British economy benefits even more from its thriving venture capital ecosystem.

What the median salary provided at application by Indian nationals issued with a Senior or Specialist Worker visa (Global Business Mobility) was in (a) 2023 and (b) 2024.

Applicants to the Global Business Mobility Senior or Specialist route must be awarded points for the salary requirement, either meeting the general salary requirement of £48,500 or the relevant going rate for their occupation, whichever is higher. The Home Office doesn't hold the information requested in a reportable format and this information could only be obtained at disproportionate cost.

What discussions he has had with businesses in the IT services sector on (a) the UK-India trade deal and (b) the Double Contribution Convention with India.

Before launching free trade agreement talks with India, The Department for Business and Trade (DBT) ran a public call for input to help us understand what businesses and consumers wanted. As talks progressed, we frequently engaged with businesses across a range of sectors including the IT sector.Double Contributions Conventions are international treaties designed to eliminate the double payment of social security contributions. The government regularly engages with a range of business representatives to understand their views and concerns in relation to the tax system.

What the mean salary provided at application by Indian nationals issued with a Senior or Specialist Worker visa (Global Business Mobility) was in (a) 2023 and (b) 2024.

Applicants to the Global Business Mobility Senior or Specialist route must be awarded points for the salary requirement, either meeting the general salary requirement of £48,500 or the relevant going rate for their occupation, whichever is higher. The Home Office doesn't hold the information requested in a reportable format and this information could only be obtained at disproportionate cost.

When he plans to respond to Question (a) 47358, (b) 47359, (c) 47360, (d) 47361 and (e) 47362 tabled by the hon. Member for Arundel and South Downs on 23 April 2024.

A response was published on 12th May 2025 to Questions 47358, 47359, 47360, 47361 and 47362.

With reference to the UK-India Free Trade Agreement, agreed on 6 May 2025, if she will make an estimate of the number of British Nationals that will use the Double Contribution Convention with India in each of the next 5 years.

The OBR will certify the impact of the trade deal including the Double Contributions Convention in the usual way at a fiscal event, once the deal is finalised and ratified. The agreement to negotiate a Double Contributions Convention was made in the context of the wider deal, which will bring billions into the economy.

Which visa categories would be eligible for an exemption from paying National Insurance contributions in the UK under the Double Contribution Convention with India.

The Double Contributions Convention (DCC) is not a visa route. It will be a reciprocal international treaty between countries which ensures that detached workers are only liable to pay social security contributions in one country at a time on the same earnings. A detached worker is an employee who is sent by their employer to carry out a period of temporary work in another country. The definition of a detached worker does not map onto any single visa route and is a distinct test applied for National Insurance.

How many people hold a visa that would make them eligible for an exemption from paying UK National Insurance contributions under the Double Contribution Convention with India.

The Double Contributions Convention (DCC) is not a visa route. It will be a reciprocal international treaty between countries which ensures that detached workers are only liable to pay social security contributions in one country at a time on the same earnings.A detached worker is an employee who is sent by their employer to carry out a period of temporary work in another country. The definition of a detached worker does not map onto any single visa route and is a distinct test applied for National Insurance.Around 17,000 Indian nationals (main applicants) came to the UK to work in 2024 on Skilled Worker and Global Business Mobility: Senior or Specialist Worker visas - however, only a subset of these types of workers will be eligible to be treated as a detached worker and continue paying contributions in India rather than the UK. This will be reciprocal for UK detached workers in India. Dependents are not detached workers. If a detached worker’s family members take up employment in the UK then they pay UK National Insurance.

What estimate she has made of the number of visas that would be eligible for exemptions from paying National Insurance contributions in the UK under the Double Contribution Convention with India that will be issued in each of the next five years.

The Double Contributions Convention (DCC) is not a visa route. It will be a reciprocal international treaty between countries which ensures that detached workers are only liable to pay social security contributions in one country at a time on the same earnings.A detached worker is an employee who is sent by their employer to carry out a period of temporary work in another country. The definition of a detached worker does not map onto any single visa route and is a distinct test applied for National Insurance.Around 17,000 Indian nationals (main applicants) came to the UK to work in 2024 on Skilled Worker and Global Business Mobility: Senior or Specialist Worker visas - however, only a subset of these types of workers will be eligible to be treated as a detached worker and continue paying contributions in India rather than the UK. This will be reciprocal for UK detached workers in India. Dependents are not detached workers. If a detached worker’s family members take up employment in the UK then they pay UK National Insurance.

What estimate she has made of the potential impact of making exemptions for the payment of National Insurance contributions under the Double Contribution Convention with India on receipts from (a) employee and (b) employer National Insurance contributions in each of the next five years.

The OBR will certify the impact of the trade deal including the Double Contributions Convention in the usual way at a fiscal event, once the deal is finalised and ratified. The agreement to negotiate a Double Contributions Convention was made in the context of the wider deal, which will bring billions into the economy.

Media and Sport, pursuant to the Answer of 29 April 2025 to Question 47850 on Cultural Heritage: Export Controls, what the total value was of objects in export licence applications received in each month for the same period.

The total value of objects in export licence applications received by the Export Licensing Unit, run by Arts Council England, between May 2020- April 2025 was £46,224,886,566 A monthly breakdown is also available, see attached.

When he plans to (a) lay his Department’s trade strategy before Parliament and (b) provide copies of that strategy to the media.

The Department for Business and Trade is committed to upholding our parliamentary commitments and transparency. The Trade Strategy will be laid in Parliament, making the paper accessible to members of both Houses, in due course and will be made available on gov.uk once it is launched.

Communities and Local Government, what discussions she has had with planning authorities in the (a) South West, (b) South East, (c) West Midlands, (d) East Midlands and (e) the East of England on the designation of new green belts.

Government policy in respect of the designation of new Green Belts may be found in Chapter 13 of the National Planning Policy Framework, which sets out that new Green Belts should be established only in exceptional circumstances. The Framework was recently updated following extensive consultation, including with local planning authorities.

Media and Sport, how many applications for export licences for objects of cultural interest were (a) received and (b) granted in each month of the past 5 years; and what was the total value of these items.

The Export Licensing Unit, run by Arts Council England, received a total number of 27,501 applications for export licenses for objects of cultural interest from May 2020-April 2025, a monthly average of 466. The total number of granted applications was 25,142.A monthly breakdown is also available, see attached.The total value of the items for which licenses were issued was £44,987,629,884.

How much funding his Department has been provided with under Section 8 of the Steel Industry (Special Measures) Act 2025.

The Steel Industry (Special Measures) Act 2025 gives Government the power to direct British Steel’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnaces running in Scunthorpe. We will report regularly to Parliament on the use of the Act. The decision to introduce this legislation had collective agreement. Discussions are ongoing to determine the potential impact to public purse, but the funding required for British Steel will come out of existing budgets and there will be no changes to the Government's fiscal rules. The Department for Business & Trade’s accounts for 2025/26 will reflect the financial support that the department has given to British Steel. We will publish the initial impact assessment in due course, including classification considerations.

What estimate he has made of the cost to the public purse of support for British Steel Limited through the Steel Industry (Special Measures) Act 2025; and how much his Department has committed to underwrite.

The Steel Industry (Special Measures) Act 2025 gives Government the power to direct British Steel’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnaces running in Scunthorpe. We will report regularly to Parliament on the use of the Act. The decision to introduce this legislation had collective agreement. Discussions are ongoing to determine the potential impact to public purse, but the funding required for British Steel will come out of existing budgets and there will be no changes to the Government's fiscal rules. The Department for Business & Trade’s accounts for 2025/26 will reflect the financial support that the department has given to British Steel. We will publish the initial impact assessment in due course, including classification considerations.

Whether he has had discussions with the Office for National Statistics on initiating a reassessment of the public sector classification of British Steel.

The Steel Industry (Special Measures) Act 2025 gives Government the power to direct British Steel’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnaces running in Scunthorpe. We will report regularly to Parliament on the use of the Act. The decision to introduce this legislation had collective agreement. Discussions are ongoing to determine the potential impact to public purse, but the funding required for British Steel will come out of existing budgets and there will be no changes to the Government's fiscal rules. The Department for Business & Trade’s accounts for 2025/26 will reflect the financial support that the department has given to British Steel. We will publish the initial impact assessment in due course, including classification considerations.

If he will publish a regulatory impact assessment for the Steel Industry (Special Measures) Act 2025.

The Steel Industry (Special Measures) Act 2025 gives Government the power to direct British Steel’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnaces running in Scunthorpe. We will report regularly to Parliament on the use of the Act. The decision to introduce this legislation had collective agreement. Discussions are ongoing to determine the potential impact to public purse, but the funding required for British Steel will come out of existing budgets and there will be no changes to the Government's fiscal rules. The Department for Business & Trade’s accounts for 2025/26 will reflect the financial support that the department has given to British Steel. We will publish the initial impact assessment in due course, including classification considerations.

What discussions (a) he and (b) Ministers in his Department have had with the Chancellor of the Exchequer on the potential impact of the use of powers in the Steel Industry (Special Measures) Act 2025 on Government fiscal policies.

The Steel Industry (Special Measures) Act 2025 gives Government the power to direct British Steel’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnaces running in Scunthorpe. We will report regularly to Parliament on the use of the Act. The decision to introduce this legislation had collective agreement. Discussions are ongoing to determine the potential impact to public purse, but the funding required for British Steel will come out of existing budgets and there will be no changes to the Government's fiscal rules. The Department for Business & Trade’s accounts for 2025/26 will reflect the financial support that the department has given to British Steel. We will publish the initial impact assessment in due course, including classification considerations.