HC Deb 15 June 2000 vol 351 c699W
Mr. Chope

To ask the Secretary of State for Trade and Industry what the current UK share is of internationally mobile projects with growth potential; and by how much he aims to increase this in 2000–01. [125968]

Mr. Caborn

The UK's share of inward investment stock reached a record figure of £244.1 billion at the end of 1999, an increase of 26 per cent. over the previous year. This is a larger share than for any other EU member state.

The Government are fully committed to ensuring that the UK remains the No. 1 location in Europe for inward investment, including for projects with growth potential. We will continue to pursue economic policies which enhance the UK's attractions including: developing a skills base, provide flexible labour markets and a stable economy.