§ Mr. ChopeTo ask the Secretary of State for Trade and Industry what the current UK share is of internationally mobile projects with growth potential; and by how much he aims to increase this in 2000–01. [125968]
§ Mr. CabornThe UK's share of inward investment stock reached a record figure of £244.1 billion at the end of 1999, an increase of 26 per cent. over the previous year. This is a larger share than for any other EU member state.
The Government are fully committed to ensuring that the UK remains the No. 1 location in Europe for inward investment, including for projects with growth potential. We will continue to pursue economic policies which enhance the UK's attractions including: developing a skills base, provide flexible labour markets and a stable economy.