HC Deb 04 February 1997 vol 289 c562W
Mr. Colvin

To 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.