§ Mr. WoodwardTo ask the Secretary of State for Trade and Industry how many jobs were(a) created and (b) safeguarded; and how many projects were completed as a result of inward investment in (i) the UK and (ii) the areas covered by the regional development agencies over the last five years. [37105]
§ Nigel GriffithsThe UK is the No. 1 location in the EU for inward investment and the Government will continue to do all they can to maintain the UK's attractiveness as a location so our economy can continue to enjoy the substantial benefits from inward investment.
There is no requirement on companies to notify inward investment decisions to Invest. UK and so the figures include only those projects where Invest. UK or its regional partners were involved or which have come to their notice. They are therefore likely to be an underestimate.
871W
Number of: Region projects new jobs safeguarded jobs 1996–97 UK 497 46,400 51,939 English RDAs 352 21,940 44,544 1997–98 UK 631 46,562 82,771 English RDAs 477 30,541 73,007 1998–99 UK 668 45,147 75,523 English RDAs 534 29,824 70,792 1999–2000 UK 799 54,335 81,587 English RDAs 657 37,093 73,146 2000–01 UK 884 71,585 52,358 English RDAs 751 52,885 45,385 Note:
- 1. All figures are revised from those published in Invest. UK Annual Reports.
- 2. The figures in the table above are based on information provided by companies at the time of the announcement of the decision to invest in the UK. They are based on the company's best estimate, at that time, of the number of jobs associated with each investment.
Source:
Invest. UK Database.