Mr. Alan W. WilliamsTo ask the Secretary of State for Trade and Industry what was the total amount of all inward investment into Britain in the years 1987–88 and 1988–89; and if he will provide a breakdown of these figures, region by region.
§ Mr. Douglas Hogg[holding answer 25 July 1990]: These figures are not readily available on a financial year basis. However, the table gives details of the number of inward investments decisions known to the Invest in Britain Bureau for the calendar years 1987 to 1989 and the associated jobs for the United Kingdom by region. Comparable information on the total level of financial investment by inward investors is not available.
The decision recorded include the establishment of a new business, expansion or acquisition of an existing business and involvement in joint venture. The figures are based on information provided by the companies themselves at the time of the investment and do not take into account subsequent developments.
419W
Region Number of projects Created jobs Safeguarded jobs Total jobs Wales 38 3,664 302 3,966 Northern Ireland 17 1,187 8,558 9,745 North East 46 4,495 1,438 5,933 North West 52 2,646 4,538 7,148 Yorkshire and Humberside 10 600 200 800 West Midlands 85 5,558 7,035 12,593 East Midlands 10 4,349 2,420 6,769 South East 20 2,063 610 2,673 South West 8 1,848 40 1,888 Other United Kingdom 0 0 0 0 Total 315 30,685 25,783 56,468