Business: Capital Investment

Wales written question – answered on 4th July 2012.

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Photo of Owen Smith Owen Smith Shadow Secretary of State for Wales

To ask the Secretary of State for Wales what estimate she has made of likely growth in business investment in Wales in 2012.

Photo of Dame Cheryl Gillan Dame Cheryl Gillan The Secretary of State for Wales

Recent figures released by the Office for National Statistics show that business investment in the UK for the first quarter of 2012 rose by £0.6 billion to £30.5 billion (1.9%) when compared with the previous quarter and has increased by £3.9 billion (14.8%) when compared with the first quarter of 2011. These figures are not available on a sub-national level.

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