HC Deb 03 November 1995 vol 265 cc493-4W
Sir Irvine Patnick

To ask the President of the Board of Trade what initiatives he has taken to attract United Kingdom firms to invest in the United States of America; and if he will make a statement. [40576]

Mr. Nelson

United Kingdom companies have a long history of investing in the United States. It is the most popular destination for direct investment overseas and the United Kingdom is the largest foreign investor in the United States.

My Department encourages British companies to consider the investment option in drawing up strategies for doing business with American companies. As one element of the "North America Now" trade promotion campaign we have a programme of help for United Kingdom companies seeking strategic partners in north America.