§ Mr. ColvinTo ask the President of the Board of Trade what is his estimate of the value of investment by countries outside the European Union in EU member states in each of the last 10 years; and in each case what percentage of that investment came to the United Kingdom. [13686]
§ Mr. Greg Knight[holding answer 31 January 1997]: The available information is given in the table.
Inflow of foreign direct investment by countries outside the European Union into EU member states 1984–1994 EU(12)1 £ million Percentage invested in UK 1984 3,634 32 1985 3,365 11 1986 4,781 47 1987 9,155 43 1988 12,054 48 1989 18,817 56 1990 23,395 45 1991 14,680 27 1992 14,365 45 1993 15,562 40 1994 13,485 15 Note: 1 EU(15) 1992 onwards. Source: European Union Direct Investment 1984–1993, Eurostat. Eurostat estimate 1992–1994. Since investment flows are volatile, it is more meaningful to look at investment flows over a number of years. Over the period as a whole, the UK attracted around 40 per cent. of investment into the EU. According to UK figures, investment from outside the EU more than tripled between 1994 and 1995.