HC Deb 24 November 1994 vol 250 c344W
Mrs. Ewing

To ask the Secretary of State for Scotland if he will list for each inward invested project attracted to Scotland since 1990 how much the planned investment was worth and the number of jobs guaranteed.

Mr. Stewart

Many inward investors do not publicly announce details of their investment projects and releasing details of these projects would constitute a breach of confidence. The following table, however, gives details of the total number of inward investment and the total number of planned jobs recorded by Locate in Scotland in recent years:

Year Number of projects Planned investment (£ million) Planned jobs (new and safeguarded)
1990–91 63 394.1 10,244
1991–92 59 380.9 6,002
1992–93 65 352.0 8,059
1993–94 95 587.6 11,072
Total 282 1,714.6 35,377

The figures for planned investment and planned jobs are those provided by the companies concerned at the time of the investment decision and take no account of subsequent developments. Company plans are of course subject to change and some projects may fail to meet job forecasts, while others may exceed them. Evidence over a period of years suggests that, on average, around two-thirds of planned direct jobs are achieved. Many additional jobs are of course also created indirectly in supplier companies.

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