HC Deb 05 February 1998 vol 305 cc780-1W
21. Mrs. May

To ask the President of the Board of Trade if she will make a statement on the estimated level of inward investment into the United Kingdom this year. [25707]

Mrs. Beckett

The full results for 1997–98 will be announced later this year in the IBB Annual Report. There have, though, already been some notable successes including the ACER peripherals investment in Cardiff which will create 1,000 jobs, Pfizer's announcement of a £109 million expansion to their research centre in Kent, creating 1,000 new jobs; Cadence Design Systems of the US investment in Scotland creating 1,895 jobs and Capital One, one of the largest US credit card issuing companies locating in Nottingham creating 600 new jobs. This is clear evidence that the UK continues to be the preferred location for internationally mobile companies who wish to compete on a global scale.

Back to