HC Deb 03 February 1997 vol 289 cc512-3W
Mr. Flynn

To ask the President of the Board of Trade what has been the value of inward investment in each of the last five years that has located in Britain from(a) the Caribbean, (b) South Africa, (c) Canada, (d) South Korea and (e) Japan. [13196]

Mr. Greg Knight

[holding answer 28 January 1997]: There are no figures available for the Caribbean. However, according to OECD flow figures the value of inward investment into the UK from the other four listed countries is:

£ million
1990 1991 1992 1993 1994
(a) South Africa 38 30 84 59 50
(b) Canada -265 264 -46 34 -113
(c) South Korea -1,200 -22 105 34 39
(d) Japan 2,091 48 -22 279 -60

Source:

International direct Investment Statistics Yearbook, 1996, OECD.

Notes:

1. These flow figures include UK disposals by foreign companies. Flow figures are volatile and fluctuate year to year in part due to the cyclical nature of reinvestment profits and of mergers and acquisition activity.

2. The negative flow figures represent disinvestment in the UK by inward investors. An inward investor may for example sell a UK-based company to a UK investor. This is not outward investment but negative inward investment.