HC Deb 10 June 1992 vol 209 cc208-9W
Mr. Nigel Evans

To ask the President of the Board of Trade (1) when he expects information about inward investment into the United Kingdom for 1991 to be made available;

(2) what was the regional breakdown of inward investment into the United Kingdom in 1990;

(3) what estimate he has made of the number of jobs safeguarded or created by inward investment in 1990;

(4) how many inward investment projects were begun in the United Kingdom in 1990, 1989 and 1988.

Mr. Sainsbury

Information about inward investment into the United Kingdom for the financial year 1991–92 has yet to be finalised and will be announced in my Department's Invest in Britain bureau's annual report.

A regional breakdown showing the number of projects notified to the IBB and the number of jobs created and safeguarded for the period 1 January 1990 to 31 March 1991 is in the table, together with the same information for the calendar years 1988 and 1989.

The decisions recorded include the establishment of new business, expansion or acquisition of an existing business and involvement in a joint venture. These figures are based on information provided by the companies themselves at the time of the investment and take no account of subsequent developments.

Region Number of projects New jobs Safeguarded jobs Total jobs
East Midlands 11 4,073 2,420 6,493
West Midlands 87 5,629 7,035 12,664
East 2 0 0 0
South East 21 2,163 610 2,773
South West 8 1,848 40 1,888
Other 0 0 0 0
Total 331 30,756 28,434 59,190
1988
Scotland 58 5,429 1,978 7,407
Wales 56 6,006 2,085 8,091
Northern Ireland 22 2,610 916 3,526
North East 22 2,041 31 2,072
North West 30 1,763 3,844 5,607
Yorkshire and Humberside 23 1,790 380 2,170
East Midlands 18 1,139 880 2,019
West Midlands 69 3,671 7,840 11,511
East 0 0 0 0
South East 46 2,400 983 3,383
South West 5 479 0 479
Other 3 325 0 325
Total 352 27,653 18,937 46,590

Mr. Nigel Evans

To ask the President of the Board of Trade how much inward investment there was from the rest of the world into each EC member state in the latest year for which figures are available.

Mr. Sainsbury

The information is as follows:

Direct investment into EC member states 1989
£ million
Belgium-Luxembourg 4,304
Denmark1 5
France 6,274
Germany 4,001
Greece 459
Ireland 52
Italy 1,548
Netherlands 3,620
Portugal 989
Spain 5,140
United Kingdom 19,629
1 1984 latest available data.
Source: IMF Balance of Payments Statistics.