§ Mr. Devlin
To ask the President of the Board of Trade what assessment he has made of the state of the economy in the Northern region.
§ Mr. Eggar
The economy of the Northern Region has undergone a transition over the last decade and now has a broader manufacturing base. This process has been helped substantially by overseas investment worth some £2 billion.
A regional survey of business confidence compiled and published by the Northern Development Company recorded high levels of business confidence throughout the Northern region during the third quarter of 1993 with levels of investment, turnover and profit all continuing to rise.