Minister of State (Minister for Investment)

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.

Minister of State (Minister for Investment)

The minister’s Department for International Trade (DIT) responsibilities include:

  • investment promotion across all sectors
  • Office for Investment
  • delivering the Global Investment Summit
  • departmental business in the Lords

He also supports the Secretary of State for International Trade with:

  • delivering an investment strategy to improve the UK investment environment
  • global marketing to attract investment across all sectors
  • business investor relations
  • National Contact Point for OECD multilateral guidelines on investment

His Department for Business, Energy and Industrial Strategy (BEIS) responsibilities include:

  • the automotive sector
  • recognition of professional qualifications
  • promoting investment into all BEIS sectors
  • oneweb
  • ensuring alignment of DIT investment objectives and BEIS policy and sectoral engagement

More about this role

Department for International Trade, Department for Business, Energy & Industrial Strategy, and Office for Investment

Previous roles in government

  • Lead Non-Executive Board Member