HC Deb 13 July 1989 vol 156 c575W
Mr. Henderson

To ask the Chancellor of the Duchy of Lancaster (1) what action he has taken to persuade European companies to locate in the United Kingdom in the light of the opening of the Channel tunnel and the advent of the single market in 1992;

(2) what advice he has given to European companies on the advantages of the Channel tunnel in attracting investment in the United Kingdom from Europe.

Mr. Atkins

[holding answer 11 July 1989]: The DTI's Invest in Britain Bureau organises a number of commercially sponsored seminars in Europe each year aimed at attracting investment into the United Kingdom generally and highlighting the benefits of the assisted areas.

In promoting the United Kingdom as the "Preferred Location" it draws on a wide range of selling points which include its competitive wage rates, low social on-costs, low corporate taxation, skilled work force, membership of the Community, the impending completion of the single European market, the already good connections to the mainland, particularly from the east coast ports and the enhanced physical communications that will be brought about by the completion of the Channel tunnel.