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Foreign Direct Investment

Volume 407: debated on Friday 20 June 2003

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To ask the Secretary of State for Trade and Industry how many jobs have been created by foreign direct investment into the United Kingdom in the last (a) year, (b) five years and (c) 10 years. [120292]

Figures for 2002–03 are currently being finalised and will be published on 9 July when Invest-UK announces its annual results. Copies of the report will be placed in the House of Common Library.Invest-UK recorded 107,706 jobs created by foreign owned companies between 1997 and 2002.Invest-UK recorded 182,819 jobs created by foreign owned companies between 1992 and 2002.The figures are based on information provided by companies at the time of announcement of the decision to invest in the UK. There is no requirement to notify Invest-UK of such decisions, so these figures include those projects only where Invest-UK and its regional partners were involved or which have come to their notice.

To ask the Secretary of State for Trade and Industry how many manufacturing jobs have been created in the United Kingdom as a consequence of foreign direct investment in the last five years. [120294]

The number of manufacturing jobs created by inward investment in the UK that Invest-UK has recorded was 97,974 between 1997 and 2002.Figures for 2002–03 are currently being finalised and will be published on 9 July when Invest-UK announces its annual results. Copies of the report will be placed in the Libraries of the House.The figures are based on information provided by companies at the time of announcement of the decision to invest in the UK. There is no requirement to notify Invest-UK of such decisions, so these figures include those projects only where Invest-UK and its regional partners were involved, or which have come to their notice.