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Industrial Investment

Volume 124: debated on Wednesday 9 December 1987

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36.

To ask the Secretary of State for Scotland what information he has as to the current level of investment in industry in Scotland and its impact on the Scottish community, in particular in the Inverclyde area.

Recent CBI and Scottish business surveys report an improvement in investment intentions in Scottish manufacturing, and higher investment will enhance the competitiveness of Scottish industry. This can only benefit the Scottish community.As regards Inverclyde district, regional selective assistance offers of £3·4 million were made over the period 1 January 1985 to 31 October 1987. These were associated with project costs of £183·7 million and some 960 new or safeguarded jobs.