HC Deb 28 January 1997 vol 289 cc176-7W
Mr. David Marshall

To ask the Secretary of State for Scotland if he will list each overseas company, by sector, which has located business in Glasgow in each of the last five years and the total number of jobs created in each category as a result. [11864]

Mr. Kynoch

All our dealings with inward investors are undertaken on a commercially confidential basis and it would not therefore be appropriate to 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 inward investment projects attracted to Glasgow during the last five years where the company in question is overseas-owned and where the project has been the subject of a public announcement.

Date of announcement Company Ultimate ownership Planned new jobs Sector
November 1992 Depenova Development AB Sweden 20 Healthcare
August 1994 Atlantic Information Systems Iceland 25 Software
June 1995 MIC Textiles UK Ltd. Turkey 30 Textiles
May 1996 Mabbett and Associates Inc United States 12 Environmental services
December 1996 Polaroid (U)K Ltd. United States 150 Shared service centre

The job figures are based on information provided by the companies concerned at the time of the investment decision and take no account of subsequent developments.

In addition, there were a further 14 projects by overseas-owned companies which were not publicly announced. These projects involved the planned creation of over 700 new jobs and the safeguarding of nearly 900 existing jobs.

There has of course also been a significant level of inward investment in Glasgow by companies based in other parts of the United Kingdom. TSB bank, BT and Abbey National, for example, have all announced the establishment of major new call centres in the city.

The figures for total inward investment in Glasgow—both by overseas-owned and UK-owned companies—show that, over the past five years, the city has attracted nearly 50 projects involving the planned creation or safeguarding of over 5,000 jobs.