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Foreign Investment

Volume 81: debated on Monday 17 June 1985

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asked the Secretary of State for Wales if he will estimate the amount of foreign investment in Wales and the number of jobs attributable to it since 1979; and if he will make a statement.

Inward investment projects in receipt of selective financial assistance since May 1979 amount in value to nearly £750 million. These projects promise about 15,000 new and 8,000 safeguarded jobs. Competition for inward investment is keener than ever but the success achieved over the past two years indicates that Wales has a great deal to offer international companies.