Manufacturing Investment (Hansard, 25 February 1987)

§ 21. Mr. Fisher
asked the Secretary of State for Trade and Industry what is his latest available figure for the percentage fall in the real value of manufacturing investment in the west midlands since 1979.

§ Mr. Giles Shaw
When the world recession hit a sector suffering from poor competitiveness—the result of years of high inflation, low productivity growth and poor rates of return on investment—a sharp fall in manufacturing investment in the regions occurred up to 1983. In real terms, manufacturing investment in the west midlands between 1979 and 1984 fell by 19 per cent. Industry is now more competitive and better adapted to the demands of a modern economy—manufacturing investment in the west midlands over the most recent year for which there is data, 1983–84, grew by 35 per cent. in real terms.

§ 22. Mr. Haynes
asked the Secretary of State for Trade and Industry what is his latest figure for the percentage fall in the real value of manufacturing investment in the east midlands since 1979.

§ Mr. Giles Shaw
When the world recession hit a sector suffering from poor competitiveness—the result of years of high inflation, low productivity growth and poor rates of return on investment—a sharp fall in manufacturing investment in the regions occurred up to 1983. In real terms, manufacturing investment in the east midlands between 1979 and 1984 fell by 21 per cent. Industry is now more competitive and better adapted to the demands of a modern economy—manufacturing investment in the east midlands over the most recent year for which there is data, 1983–84, grew by 18 per cent. in real terms.

§ 28. Mr. Martin
asked the Secretary of State for Trade and Industry what is his latest figure for the percentage fall in the real value of manufacturing investment in Scotland since 1979.

§ Mr. Giles Shaw
When the world recession hit a sector suffering from poor competitiveness—the result of years of high inflation, low productivity growth and poor rates of return on investment—a sharp fall in manufacturing investment in the regions occurred up to 1983. In real terms, manufacturing investment in Scotland between 1979 and 1984 fell by 28 per cent. Industry is now more competitive and better adapted to the demands of a modern economy — manufacturing investment in Scotland over the most recent year for which there is data, 1983–84, grew by 22 per cent. in real terms.

§ 68. Mr. Allen McKay
asked the Secretary of State for Trade and Industry what is his latest estimate of the percentage fall in the real value of manufacturing investment in Yorkshire and Humberside since 1979.

§ Mr. Giles Shaw
When the world recession hit a sector suffering from poor competitiveness—the result of years of high inflation, low productivity growth and poor rates of return on investment—a sharp fall in manufacturing investment in the regions occurred up to 1983. In real terms, manufacturing investment in Yorkshire and Humberside between 1979 and 1984 fell by 34 per cent. Industry is now more competitive and better adapted to the demands of a modern economy — manufacturing investment in Yorkshire and Humberside over the most recent year for which there is data, 1983 to 1984, grew by 16 per cent. in real terms.