§ Caroline FlintTo ask the Secretary of State for Trade and Industry what incentives are being offered to encourage foreign inward investors in the UK. [116573]
§ Ms HewittThe UK attracts more investment than any other country in Europe, and in the world, is second only behind the US (FDI inward stock figures for 2001 source: UNCTAD World Investment Report 2002). Invest-UK works in partnership with all of the UK's Development Agencies to attract the maximum level of inward investment and to market the UK's attractions for high quality investment. Regional Selective Assistance (RSA) is available to foreign inward investors located, or planning to locate, within the UK's assisted areas. RSA provides grants to help support business expansions and create and safeguard jobs.