§ Mr. John Marshall
asked the Chancellor of the Duchy of Lancaster what information he has about the level of investment, the trend in the value of exports and the trend in the number of people employed by Jaguar plc since it was privatised.
§ Mr. Atkins
Information from Jaguar plc shows the following picture since privatisation of the company in 1984:
1984 1985 1986 Capital investment (£m) 38.1 57.2 93.9 Export sales (£m) 408 503 619 End-year employment 9,700 10,800 12,000
As regards future trends, the company has announced its intention to invest a further £1,000 million over the next six years; plans to continue to increase its export sales; and forecast that employment will reach around 13,000 by the end of this year.