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Inward Investment

Volume 405: debated on Wednesday 14 May 2003

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To ask the Secretary of State for Trade and Industry what help she will give to Regional Development Agencies in England to increase inward investment. [112954]

As part of the RDAs 'Single Pot' funding in 2003–04, Invest.UK are providing £12.93 million.Invest.UK plan to spend at least £7.2 million in 2003–04 to promote the UK to potential inward investors world-wide. Enquiries generated through this national promotional campaign play a pivotal role in supporting RDAs cluster development activities, helping RDAs deliver their regional economic strategies, and increasing inward investment to their regions.Invest.UK has also led the development of a bespoke 'best practice' modular training package for the RDAs to assist them to increase the quality of their 'aftercare' service to inward investors.