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Inward Investment

Volume 115: debated on Wednesday 29 April 1987

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19.

asked the Secretary of State for Trade and Industry what steps he takes to ensure that policies to encourage inward investment are carried out in co-ordination with the policies on promoting United Kingdom industries at home and abroad.

Successive Governments have encouraged inward investment for the benefits it brings to the economy. Applications for selective assistance for inward investment projects are assessed against the same criteria as domestic projects. One important factor in this assessment is the impact which the new investment will have on firms already established in the same sector.

asked the Secretary of State for Trade and Industry who many jobs were created by inward investment into the United Kingdom in 1986.

The Invest in Britain Bureau recorded 322 investment decisions taken by overseas companies during 1986. From the information provided by the companies themselves, these decisions are expected to create more than 16,500 new jobs and safeguard over 9,500 others. Further information is available from the Invest in Britain Bureau's annual report, copies of which I will place in the Library of the House.