§ Mr. Stephen O'BrienTo ask the Secretary of State for Trade and Industry how many inward investment decisions were made in the United Kingdom in each year between 1999 and 2003; what the expenditure of British Trade International was on inward investment; and how many new jobs were created through inward investment. [157202]
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§ Nigel GriffithsThe following figures 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 companies best estimate of jobs created by the investment in its first three years. The figures take no account of subsequent developments. There is no requirement to notify UK Trade and Investment and so these figures include only those projects where UK Trade and Investment and its regional partners were involved or which have come to their notice.
Also in the table is a breakdown of inward investment expenditure by UK Trade and Investment (UKTI), formerly British Trade International. These figures include the part funding of the English Regional Development Agencies.
Number of Projects Number of new jobs UKTI investment expenditure (£ million) 1999–2000 800 54,365 15.3 2000–01 880 71,168 18.7 2001–02 844 35,362 18.1 2002–03 711 34,446 20.9