§ 19. Mr. MerchantTo ask the Secretary of State for Wales if he will list the latest available figures for inward investment in Wales; and if he will make a statement. [14176]
§ Mr. HagueSince 1983, almost 1,400 projects have been recorded involving over 82,000 new and almost 50,000 safeguarded jobs, and investment of over £7 billion. Wales continues to be very successful in attracting inward investment.
§ 23. Sir Sydney ChapmanTo ask the Secretary of State for Wales what was the level of inward investment (i) into Wales and (ii) into the rest of the United Kingdom over the past(a) five and (b)10-year period on a per capita basis. [14180]
§ Mr. HagueBased on figures notified by companies to the Invest in Britain Bureau at the time of investment decisions, inward investment per capita in the last five40W years was £1,018.62 for Wales and £382.51 for the United Kingdom; in the last 10 years the figures were £1,095.29 and £620.44 respectively.
Companies are under no obligation to notify their investment decisions, and the figures take no account of subsequent developments.
§ 25. Sir Wyn RobertsTo ask the Secretary of State for Wales what assessment he has made of(a) the progress of and (b) incentives for (i) inward investment and (ii) expansion of existing plants in Wales. [14182]
§ Mr. HagueWe have a range of measures at our disposal—land, site and factory deals; training support; Source Wales; financial support and a loyal and industrious work force, a good record on industrial disputes and stable economic conditions which put Wales at the forefront of our inward investment success.