To ask the Chancellor of the Exchequer what was the level of manufacturing investment made in each year since 1979 by (a) foreign direct investors and (b) indigenous manufacturers in (i) the United Kingdom, (ii) Scotland and (iii) Wales; and what percentage annual changes these figures represent.
The following table provides the available information. Current price figures have been supplied because there are no regional price deflators. Data for 1980 can be provided only at disproportionate cost.
| Net capital expenditure in manufacturing industry1 at current prices | |||||||||
| Year | |||||||||
| £ million | |||||||||
| 1979 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | |
| (a) Foreign-owned enterprises2 | |||||||||
| United Kingdom | 1,490·5 | 1,402·3 | 1,363·4 | 1,397·4 | 1,547·6 | 1,844·0 | 1,714·6 | 1,989·1 | 2,528·4 |
| (1—) | (-3) | (2) | (11) | (19) | (-7) | (16) | (27) | ||
| Scotland | 112·6 | 231·4 | 213·6 | 143·3 | 161·5 | 272·1 | 226·1 | 183·9 | 342·4 |
| (1—) | (-8) | (-33) | (13) | (68) | (-17) | (-19) | (86) | ||
| Wales | 186·1 | 120·9 | 126·6 | 97·6 | 139·4 | 192·2 | 139·2 | 213·5 | 286·8 |
| (1—) | (5) | (-23) | (43) | (38) | (-38) | (53) | (34) | ||
| (b) United Kingdom-owned enterprises | |||||||||
| United Kingdom | 5,455·9 | 4,090·8 | 4,150·2 | 4,663·5 | 6,041·7 | 6,898·2 | 6,990·6 | 7,764·9 | 9,641 |
| (1—) | (1) | (12) | (30) | (14) | (1) | (11) | (24) | ||
| Scotland | 484·0 | 385·9 | 328·4 | 347·3 | 461·4 | 594·2 | 551·2 | 551·6 | 683·6 |
| (1—) | (-15) | (6) | (33) | (29) | (-7) | (0) | (24) | ||
| Wales | 309·0 | 250·0 | 211·3 | 255·6 | 331·6 | 370·8 | 384·4 | 419·4 | 560·8 |
| (1—) | (-15) | (21) | (30) | (12) | (4) | (9) | (34) | ||
Notes:
1. Orders III-XIX of SIC(68) for 1979, divisions 2–4 of SIC(80) for later years.
2. Foreign-owned enterprises are defined as those controlled or owned by companies incorporated overseas.
3. From 1988, in line with accounting practice, assets leased on a finance leasing basis are included as assets by the lessee rather than by the lessor. This is estimated to have increased total United Kingdom net capital expenditure in 1988 by up to 8 per cent.
1 not available
The figures in brackets in the above table represent percentage changes from the previous year.
Source: Annual Census of Production