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Inward Investment

Volume 268: debated on Wednesday 20 December 1995

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To ask the Secretary of State for Scotland what measures and what resources are available to his Department for the promotion of inward investment. [5208]

Inward investment in Scotland is promoted by Locate in Scotland, which employs around 95 staff worldwide and has a budget of £8.9 million in the current year. Locate in Scotland also draws heavily on partnership arrangements with other bodies to assist it in its task.The measures available to support inward investment are those available to support economic development generally, including, in particular, the regional selective assistance scheme.

To ask the Secretary of State for Scotland what major investments have been made by overseas companies in Scotland's economy over the last 12 months. [5212]

Our continuing success in attracting inward investment to Scotland includes major announcements during the past 12 months by Chungwa Picture Tubes, Shin-Etsu Handotai, Lexmark, MIC Textiles, Selfcare International, Canon, Motorola and IBM, among others.