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UK Trade and Investment: Contracts

Volume 476: debated on Monday 19 May 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what bilateral commercial contracts have been signed with the assistance of UK Trade and Investment since July 2007. (204861)

[holding answer 12 May 2008]: UK Trade & Investment measures its performance in terms of the value it adds for its customers and for the economy. In the case of its trade services, results for FY 2007-08 show that UKTI helped 15,900 UK companies to exploit overseas business opportunities. The total estimated additional bottom line profit for these businesses, generated by UKTI services, was £3 billion. In the case of inward investment, we expect the outturn result for the year to be close to the 525 target for foreign direct investment projects which UKTI has successfully facilitated, and significantly to have exceeded the target for 125 of those projects to be of high value.