Cookies: We use cookies to give you the best possible experience on our site. By continuing to use the site you agree to our use of cookies. Find out more
House of Commons Hansard
x
Foreign Direct Investment
20 February 2019
Volume 654
The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

6. What steps he is taking to encourage foreign direct investment in Scotland. [909255]

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

The UK promotes UK FDI throughout the world. In 2017, 76,000 new jobs were created in the UK as a consequence. There are 141 FDI projects in Scotland, creating about 4,000 jobs in Scotland.

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

Does my right hon. Friend agree that one of the reasons behind record levels of foreign direct investment into Scotland is its place in the United Kingdom, the most successful political union in history?

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

I agree entirely with that. Scotland benefits enormously through being part of what is the world’s fifth largest economy and one of the most dynamic and successful economies in the world.

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

Does the Financial Secretary agree with me that the First Minister has an important role to play in bringing foreign investment to Scotland and that any criticisms, including those from his own colleagues in Holyrood, border on the provincial to the ridiculous, unless of course they believe that the office of First Minister is a stay-at-home job?

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

The First Minister of course has a critical role in ensuring that investment is channelled towards Scotland, but I do not believe that promoting Scottish independence is a way of attracting investment.

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

On the First Minister’s recent trip to Canada, it was reported that she did not mention Scotland’s proudest export, Scotch whisky, once. Does the Minister agree with me that the best way for the First Minister to secure more foreign direct investment into Scotland is to stop prancing around the world flogging independence, and do what she is supposed to be doing, which is to be back in the country she is supposed to be leading? She should be reducing taxes, bettering our public services and making Scotland a more lucrative place in which to do business?

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

My hon. Friend is entirely right. Increasing investment in Scotland is not about promoting Scottish independence; it is about promoting Scottish products and business. We froze duty on whisky at the last Budget —whisky itself represents about 20% of all the food and drink sales from the United Kingdom. We will stand behind that and other Scottish exports.