§ 26. Mr. ButlerTo ask the Secretary of State for Scotland what plans he has to attract inward investment to Scotland. [30098]
§ Mr. KynochLocate in Scotland will continue to promote Scotland's advantages as a business location, working in partnership with the local enterprise companies and other bodies in both the public and private sectors. Its resources will be targeted on those markets which generate the strongest flows of outward investment and where Scotland's competitive strengths make it an attractive location.
28. Mr. Robert G. HughesTo ask the Secretary of State for Scotland what assessment he has made of the impact of Scottish inward investment on Scotland's economy. [30100]
§ Mr. KynochInward investment has been—and continues to be—a very important element in the Scottish economy. Not only does it create new jobs but it helps introduce new technologies and new management practices, generates wealth, contributes significantly to our exports and creates opportunities for subcontractors and suppliers, many of which are indigenous companies.
§ 30. Mr. John MarshallTo ask the Secretary of State for Scotland if he will make a statement about inward investment into Scotland. [30103]
§ Mr. Kynoch1995–96 was another very successful year for inward investment in Scotland. Locate in Scotland and the Scottish Office Education and Industry Department helped to attract to Scotland 84 inward investment projects involving planned investment of nearly £1 billion and the expected creation or safeguarding of over 12,500 jobs.