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Overseas Investment

Volume 204: debated on Friday 28 February 1992

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To ask the Secretary of State for Trade and Industry whether he will list the major investment projects attracted from overseas to the northern region since (a) 1979, (b) 1983 and (c) 1987, together with the capital costs of each project and the amount of grant offered.

Details of major investments known to have located in the northern region since 1979 are listed. All these projects are known to have capital costs in excess of £5 million and all were assisted by grants of regional selective assistance. Comparable information on other forms of assistance is not readily available. The information is set out in the required chronological order and is based on when regional selective assistance was offered.

Major Inward Investment in the Northern Region
CompanyProject Cost (£'000)RSA Grant (£'000)
1 January 1979 to 31 December 1982
Eimco (GB) Ltd.5,426666
Kimberly-Clark Ltd.26,7871,350
3M UK Holdings Plc8,414650
Black and Decker6,418950
Coles Cranes Ltd.12,4451,582
Formica Ltd.7,759500
Rohm and Haas (UK) Ltd.7,219575
Union Camp Corp. (USA)6,318300
Fisher Price Toys12,8162,385
DJB Eng. Ltd.9,1311,450
Yates Circuit Foil Ltd.10,616250
Albright and Wilson Ltd.5,550750
1 January 1983 to 31 December 1986
Kodak Ltd.61,0442,000
Transfer-All Purpose Foils Ltd.5,344819
Forbo-Mayfair Ltd.6,500700
Black and Decker9,9102,000
THC Fabricators (UK) Ltd.6,151575
Philips Components Ltd.9,909900
Black and Decker22,0002,450
Komatsu Ltd.16,4491,200
NSK Bearings Europe Ltd.32,0001,600
TC Industries of Europe Ltd.5,9701,295
Tolaram Polymers Ltd.14,377350
Nissan UK Ltd.349,90035,000
NSK Bearings Europe Ltd.15,093450
Black and Decker9,7601,000
1 January 1987 to 31 Janaury 1992
British Alcan Aluminimum Plc7,0002,000


Project Cost (£'000)

RSA Grant (£'000)

Sterling-Winthorp Group Ltd.15,1153,382
Key-Tech (Europe) Ltd.11,2881,200
Swaddlers Ltd.8,780950
Newcastle Chronicle and Journal Ltd.5,372700
Fujitsu Microelectronics Ltd.400,00030,000
Swilynn (UK) Ltd.14,1452,950
Nissan UK Manufacturing Ltd.216,00014,400
Cookson Fukuda Ltd.24,318650
Hashimoto Ltd.9,8501,500
3M UK Ltd.11,8821,700
TRW Thompson30,3004,500
Marley Kansei Ltd.7,694846
Schurpack UK Ltd.6,235850
MAS Electronics Ltd.8,6151,700


1. Major inward investment projects have been defined as those first time investments, or expansions of existing investments, by foreign owned companies which involve project costs in excess of £5 million.

2. Details of grant are for offers of regional selective assistance (RSA) accepted by foreign owned companies since 1 January 1979.

3. The Northern region is the north-east region plus Cumbria.