HC Deb 18 July 1996 vol 281 cc641-2W
Mr. Hardy

To ask the Secretary of State for Wales if he will list the 10 largest industrial or commercial developments in Wales which resulted from inward investment since 1993; and, in each case, what estimate he has made of the number of jobs created and the average cost to public funds for each of these jobs. [37635]

Mr. Hague

All our dealings with inward investors are undertaken on a commercially confidential basis and we do not therefore publish details of individual projects except in cases where details of the project have been announced by the company itself. The following table contains details of the 10 largest inward investment projects, in terms of planned new jobs, which have been attracted to Wales since 1 January 1993 and which have been the subject of public announcements:

Published figures for:
Company Planned investment (£ million) Planned new jobs RSA (£ million)
LG 1,700 6,100 1
ASAT 42 1,000 17
Newport Wafer-Fab 230 768 1
Published figures for:
Company Planned investment (£ million) Planned new jobs RSA (£ million)
Ocean Technical Glass 193 750 1
Aiwa 25 480 5
Ford Motor Company 300+ 480 1
Legal and General 1 463 1
Matsushita 1 453 1
Fenner 12 377 1
Midland Bank 1 370 No support
1 Not published.

Details of the financial assistance offered to inward investors are commercially confidential. All such assistance complies with the rules of the relevant schemes and with EC state aid rules. The principal form of assistance offered in support of inward investment projects is regional selective assistance and where the amount offered is £75,000 or more, the total amount offered is published in "Labour Market Trends" in the quarter after the first instalment of grant is paid. Where such publication has already taken place, the relevant figure is included in the table.

Most of the above projects are still in the process of being implemented and up-to-date information on the number of new jobs so far created by them is not held centrally.