§ 109. Mrs. Currie
To ask the Secretary of State for Trade and Industry if he will estimate the level of investment in the east midlands now provided by foreign-owned companies; and how that number may change by 1995.
§ Mr. Douglas Hogg
According to the latest figures available to the Department's Invest in Britain Bureau, from 1979 to 1989, 142 inward investment decisions were made to locate in the east midlands. These include the establishment of a new business, expansion or acquisition of an existing business and involvement in joint venture. The projects were expected to create 11,640 new jobs and, since 1983 when the relevant records were started, to have safeguarded a further 8,900. The figures are based on information provided by the companies themselves at the time of the investment decision and do not take account of subsequent developments.
Although growth in inward investment in the United Kingdom is expected to continue into the 1990s, it is not possible to predict the likely amount of such investment nor its location.