Foreign Investment in UK

Business, Innovation and Skills written question – answered on 13th September 2013.

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Photo of Nick de Bois Nick de Bois Conservative, Enfield North

To ask the Secretary of State for Business, Innovation and Skills what estimate he has made of the return on investment from the public purse from the UK Trade and Investment's private sector partners through the inward investment they attract into London.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change

UKTI calculates the return on investment of its Trade & Investment related activity on a yearly basis using a range of measures including jobs created and safeguarded. The contribution of private sector partners is subsumed within this activity, and the breakdown of the data by contribution of private sectors partners is not available.

The latest annual report and accounts shows that UKTI spent a total of £316.8 million in 2012-13 (of which £235.6 million were spent in trade support and £81.2 million on Inward Investment). For inward investment, UKTI, including its private sector partners, played an active role in attracting 1,322 projects in the UK in 2012-13 creating or safeguarding almost 100,000 jobs.

For further detail on UKTI's measurement systems please see UKTI Trade & Investment annual report and accounts 2012-13

http://www.ukti.gov.uk/uktihome/item/534440.html

The latest inward investment results were published in the Inward Investment Report 2012-13:

http://www.ukti.gov.uk/uktihome/aboutukti/item/553980.html

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