Hansard

Inward Investment Companies

Volume 407: debated on Friday 20 June 2003

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Mr. Watson

To ask the Secretary of State for Trade and Industry how many inward investment companies have located in the United Kingdom (a) in the past year, (b) in the past five years and (c) in the past 10 years. [120285]

Mr. Mike O'Brien

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 1,548 new inward investment projects between 1997 and 2002.Invest-UK recorded 2,188 new inward investment projects 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 where only Invest-UK and its regional partners were involved or which have come to their notice.