To ask the Secretary of State for Trade and Industry what proportion of investment between European Union countries other than investment by the UK came to the United Kingdom in each year since 2001.

holding answer 18 October 2004

The UK received 9.7 per cent. (9.1 per cent.) of all foreign direct investment (FDI) inflows between EU-15 member states in 2002 (figures for EU-25 members in brackets). The UK received the fourth largest share behind Luxembourg with 33.6 per cent. (31.5 per cent.), France with 12.7 per cent. (11.9 per cent.) and Germany with 10.1 per cent. (11.9 per cent.).

This data are only available in terms of financial flow figures rather than in terms of inward investment stocks (by which we measure our PSA targets).

The latest UNCTAD world investment report shows that in 2003 the UK had the largest inward FDI stocks within the EU from all countries, including those outside the EU, with 20 per cent. of the EU-15 total, followed by Germany (16 per cent.) France (13 per cent.), Netherlands (10 per cent.) and Luxembourg (10 per cent.).