§ 34. Mr. Ian BruceTo ask the Secretary of State for Scotland what is the trend on inward investment into(a) Scotland and (b) the rest of the European Community. [13659]
§ Mr. KynochThe year 1994–95 is well on course to being another record year for inward investment in Scotland.
Scotland is currently attracting inward investment projects at the rate of almost two per week.
In 1993–94, Locate in Scotland and the Scottish Office Industry Department helped attract to Scotland 95 inward investment projects involving planned investment of £587 million and the expected creation or safeguarding of over 266W 11,000 jobs. All these figures represent a significant increase over the corresponding figures for 1992–93.
At no time since LIS was set up in 1981 has Scotland secured a higher number of inward investment projects.