Inward Investment

Oral Answers to Questions — Northern Ireland – in the House of Commons at 12:00 am on 30 January 1997.

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Photo of Mr John Marshall Mr John Marshall , Hendon South 12:00, 30 January 1997

To ask the Secretary of State for Northern Ireland if he will make a statement about inward investment into Northern Ireland. [11975]

Photo of Michael Ancram Michael Ancram The Minister of State, Northern Ireland Office

The year ending 31 March 1996 was the best ever for inward investment in Northern Ireland. Thirty-five projects were secured, offering 4,869 new jobs and representing total investment of £432 million. So far this year, 15 investments by externally owned companies have been secured for Northern Ireland.

Photo of Mr John Marshall Mr John Marshall , Hendon South

I thank my right hon. Friend for that answer. A company told me today that, by relocating from Belgium to Britain, it had cut total costs by 40 per cent. Does that not demonstrate the job-creating policies of this Government and the job-destructive characteristics of the social chapter and a national minimum wage?

Photo of Michael Ancram Michael Ancram The Minister of State, Northern Ireland Office

I agree totally with my hon. Friend Again, that goes to show that the Government's policy in that area is totally right and in the interests of the people of Northern Ireland.

Secretary of State

Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.