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Inward Investment

Volume 301: debated on Wednesday 19 November 1997

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To ask the President of the Board of Trade how many jobs have been created via inward investment in each of the last five years; and if she will give a breakdown of the number of jobs created in each county or equivalent area.[16166]

This information is available only on a regional basis. According to figures notified to my Department's Invest in Britain Bureau, the number of new jobs associated with inward investment in each of the last five years by each region as follows:

Inward investment into the United Kingdom
Year/RegionTotal number of new jobs
1992–93
East363
East Midlands183
North-east2,312
Northern Ireland2,742
North-west1,012
Scotland4,497
South-east1,212
South-west285
Wales2,382
West Midlands1,568
Yorkshire and Humberside1,286
Total for the year17,842
1993–94
East482
East Midlands3,218
North-east2,256
Northern Ireland3,030
North-west2,427
Scotland7,635
South-east916
South-west1,065
Wales3,913
West Midlands3,370
Yorkshire and Humberside2,329
Total for the year30,641
1994–95
East842
East Midlands3,028
London27
North-east5,780
Northern Ireland3,251
North-west1,986
Scotland7,678
South-east3,273
South-west1,386
Wales3,151
West Midlands4,797
Yorkshire and Humberside3,152
Total for the year38,351
1995–96
Region not identified0
East372
East Midlands1,437
London12,588
North-East6,075
Northern Ireland3,741
North-West3,592
Scotland9,092
South-East5,385
South-West1,468
United Kingdom0
West of England2250
Wales4,429
West Midlands7,034
Yorkshire and Humberside2,004
Total for the year47,467

Inward investment into the United Kingdom

Year/Region

Total number of new jobs

1996–97

East925
East Midlands1,306
London12,631
North East3,089
Northern Ireland4,135
NorthWest1,402
Scotland9,928
South East3,905
South West682
West of England21,622
Wales10,397
West Midlands4,387
Yorkshire and Humberside1,830
Total for the year46,239
Total for the last 5 years180,540

1 Prior to 1994–95 the figures for London were included in those for the South-East.

2 Prior to 1995–96 the figures for the West of England were included in those for the South-West.

The IBB only records inward investment decisions by regions of the UK and these figures are based on information provided by the companies at the time of the announcement of the decision to invest in the UK. They are based on the companies best estimate of jobs created by the investment in its first three years. The figures take no account of subsequent developments.

There is no requirement to notify the Department and so the figures include only those projects where the Department's Invest In Britain Bureau and its regional partners were involved or which have come to their notice.