§ Mr. YeoTo ask the Secretary of State for Trade and Industry what progress has been made towards the target set in 1998 by her Department for achievement in 1999—2002, to maintain the UK as the prime location in the EU for foreign direct investment. [83692]
§ Ms Hewitt[holding answer 26 November 2002]: The United Nations Conference On Trade and Development (UNCTAD) World Investment Report 2002 (released in September 2002) reported that the UK is in top position in the EU for inward investment. The UK's share of inward foreign direct investment (FDI) stocks increased from 18.3 per cent at the end of 2000 to 18.8 per cent at the end of 2001.