FOREIGN INVESTMENT IN UK

Nicholas Soames: To ask the Secretary of State for Business, Innovation and Skills what progress the Government has made in securing greater inward investment to (a) England and (b) the UK. [55132]

Mark Prisk MP; Minister of State for Business and Enterprise[holding answer 12 May 2011]: In the financial year 2009/10, the UK attracted a total of 1,619 Foreign Direct Investment (FDI) projects, down by 7% on 2008/09. Within this total, 1,409 projects were in England, down by 9% on 2008/09. This performance is against the backdrop that global investment flows declined by approximately 40% in 2009/10.

Within the overall total of 1,619 FDI projects into the UK in 2009/10, UK Trade and Investment (UKTI) assisted a total of 759 projects, confirmed as locating or expanding in the UK up by 26% on 2008/09.

Within the overall UK total of 759 UKTI assisted projects in 2009/10, 701 FDI projects were confirmed as locating or expanding in England also up by 26% on 2008/09.

The Inward Investment results for the UK for the financial year 2010/11 will be announced on 12 July 2011.

DISSOLUTION OF PARLIAMENT

Parliament has been dissolved until after the General Election on 12th December and there are now no MPs. This website is for reference of my work when I was a Member of Parliament.

I am not seeking re-election.