Ministerial role

Minister for Investment


The minister’s Department for International Trade responsibilities include:

  • developing a new investment strategy
  • promoting all forms of investment
  • business-investor relations
  • leading on the strategic relationship management programme
  • leading departmental business in the House of Lords

The minister’s Department for Business, Energy and Industrial Strategy (BEIS) responsibilities include:

  • advanced manufacturing
  • automotive
  • defence
  • infrastructure
  • materials (including steel)
  • professional and business services

The minister works to ensure that BEIS policy and sectoral engagement is aligned with DIT’s investment objectives.

Current role holder

Lord Grimstone of Boscobel Kt

Lord Grimstone of Boscobel Kt was appointed unpaid Minister for Investment jointly at the Department for International Trade and the Department for Business, Energy & Industrial Strategy on 18 March 2020.

Before joining government, his career spanned the private and public sectors. His roles have included:

  • chairman of Barclays Bank plc and Standard Life Aberdeen
  • lead non-executive on the board of the Ministry of Defence
  • chairman of financial services body, TheCityUK, from 2012 to 2015
  • member of HM Treasury’s Financial Services Trade and Investment Board

Lord Grimstone has held board appointments across many sectors and served as one of the UK’s Business Ambassadors.

He also:

He has a particular interest in UK-China and UK-India relations. He has joined several Prime Ministerial visits, including the annual Economic and Financial Dialogues between the countries. He also chaired TheCityUK China Market Advisory Group.

Lord Grimstone was knighted in 2014 for public service to defence and business.

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