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62146

	registered interest
	date	16/06/2014
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Northern Ireland, when she last met the Chief Executive of UK Trade & Investment to discuss that organisation's role in attracting inward investment to Northern Ireland.
	tabling member constituency	Bury South
	tabling member printed	Mr Ivan Lewis
	uin	200804
	answer	answer is ministerial correction date of answer 19/06/2014 answer text <p> </p><p>It has not been possible to meet the outgoing Chief Executive of UKTI. I look forward to meeting Dominic Jermey in the coming weeks to discuss how UKTI can promote Northern Ireland trade and investment working in tandem with InvestNI.</p><p> </p> answering member constituency Chipping Barnet answering member printed Mrs Theresa Villiers question first answered 19/06/2014 13:05:38 answering member 1500 label Biography information for Theresa Villiers
	tabling member	441 label Biography information for Mr Ivan Lewis

64739

	registered interest
	date	30/06/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to encourage foreign direct investment from member states of the Commonwealth.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	203187
	answer	answer is ministerial correction date of answer 09/07/2014 answer text <p>UK Trade and Investment (UKTI) has operations in 39 Commonwealth countries.</p><p>During the Commonwealth Games in Glasgow, UKTI, the Scottish Government, Scottish Enterprise and the Commonwealth Business Council are delivering a business conference for 200 Commonwealth business leaders.</p><p>The UK Government is also organising a British Business House during the Games, which will highlight to Commonwealth businesses the benefits of investing in the UK.</p><p>Regular ministerial visits and trade missions to Commonwealth countries are used to promote the UK's competitive business environment and opportunities in the UK for foreign direct investment.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/07/2014 16:06:50 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	1447 label Biography information for Andrew Rosindell

78328

	registered interest
	date	16/07/2014
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Foreign Investment in UK
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what checks are in place to ensure that the sources of the funds of foreign nationals seeking to invest in the United Kingdom are legitimate; and who carries out such checks.
	tabling member printed	Lord Watson of Invergowrie
	uin	HL1218
	answer	answer is ministerial correction date of answer 30/07/2014 answer text <p /> <p>Any application for a visa will be subject to checks undertaken by an Entry Clearance Officer (ECO), which will include checks on the applicant’s criminal history. In addition, applicants for a visa under the Tier 1 (Investor) category will be subject to checks to establish that the applicant’s funds meet the relevant requirements of the Immigration Rules, which include a requirement that the funds are held in a regulated financial institution.We require specific evidence of funds to be provided, and we do not accept evidence from financial institutions with which ECOs are unable to carry out satisfactory verification checks.</p><p /> answering member printed Lord Taylor of Holbeach question first answered 30/07/2014 16:37:55 answering member 3787 label Biography information for Lord Taylor of Holbeach
	tabling member	1241 label Biography information for Lord Watson of Invergowrie

79007

	registered interest
	date	21/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of foreign direct investment generated since 2010 as a direct result of the lower rate of corporation tax.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	206722
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>Since 2010, the Government has cut the main rate of corporation tax from 28% to 21%. It will fall further next year, to 20%, giving the UK the joint lowest rate of corporation tax in the G20. The Small Profits Rate has also been cut to 20%.</p><p> </p><p>These cuts are a central part of the Government’s long-term economic plan. They are intended to make the UK more competitive, supporting business investment and job creation.</p><p> </p><p>Government modeling suggests that the corporation tax cuts introduced in this parliament will:</p><p>· increase business investment by between 2.5% and 4.5% (£3.6bn to £6bn in today’s prices) in the long term</p><p>· increase GDP by between 0.6% and 0.8% (£9.6bn to £12.2bn in today’s prices) in the long term</p><p> </p><p>Foreign direct investment decisions are influenced by a range of factors including skills, market access, and infrastructure. Consequently, it is difficult to isolate the exact impact of the corporation tax cuts from reform in other areas. But recently published data on inward investment has been very encouraging.</p><p> </p><p>In their 2013/2014 Inward Investment Report, UKTI said ONS data showed the value of FDI stock increased from £725.6bn in 2010, to £936.5bn in 2012.</p><p> </p><p>UKTI also reported that the UK attracted more inward investment projects last year than in any year since records began in the 1980s. UKTI recorded 1773 projects, creating 66,390 new jobs.</p><p> </p><p>This is supported by analysis from Ernst and Young, who use their own independent database to assess inward investment. Ernst and Young’s Annual Attractiveness Survey, published in June, showed the number of inward investment projects in the UK had risen by 15% in the past year, against the background of a European market that grew by just 4%.</p><p> </p><p> </p><p>As noted above, it is difficult to isolate the impact of tax policy on these trends, and UKTI does not have estimates of how much of the new investment has been a direct result of the lower rate of corporation tax. But it is clear that the corporation tax reforms have changed perceptions of the UK competitiveness. For the past two years, the UK has ranked highest in the KPMG survey on international tax competitiveness, ahead of countries including the US, the Netherlands and Switzerland.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/09/2014 16:21:34 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

90763

	registered interest
	date	04/09/2014
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Northern Ireland, how many international businesses she has met to discuss inward investment into Northern Ireland since her appointment as Secretary of State; and if she will make a statement.
	tabling member constituency	North Down
	tabling member printed	Lady Hermon
	uin	208319
	answer	answer is ministerial correction date of answer 11/09/2014 answer text <p> </p><p>Details of external meetings with organisations and individuals are published on a quarterly basis and can be found at <a href="http://www.nio.gov.uk/publications" target="_blank"><strong>www.nio.gov.uk/publications</strong></a>.</p><p> </p> answering member constituency Chipping Barnet answering member printed Mrs Theresa Villiers question first answered 11/09/2014 09:44:01 answering member 1500 label Biography information for Theresa Villiers
	tabling member	1437 label Biography information for Lady Hermon

100293

	registered interest
	date	22/10/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, if he will take steps to ensure that inward investment and job creation is encouraged on an equal basis in all the regions of the UK.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	211579
	answer	answer is ministerial correction date of answer 28/10/2014 answer text <p>UK Government Departments promote and support foreign direct investment, and the jobs that it can bring or safeguard, on an equal basis in all regions of the UK.</p><p> </p><p> </p><p> </p><p>For inward investment, UK Trade &amp; Investment (UKTI) teams are structured to support the overall strategy of promoting the “UK First”, putting forward the areas of the UK best able to meet the requirements of the particular investor and so most likely to attract that inward investment. UKTI and its national, local and overseas partners develop inward investment opportunities that meet the sector requirements of investors.</p><p> </p><p> </p><p> </p><p>UKTI has agreed Memoranda of Understanding with the Devolved Administrations of Scotland, Wales and Northern Ireland (and with Local Enterprise Partnerships and London and Partners in England) to ensure an open and equitable approach. The UKTI operating model combines strong levels of local engagement within a national framework of support, to best support inward investment.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 16:00:51 answering member 4070 label Biography information for Matt Hancock previous answer version 24556 answering member constituency West Suffolk answering member printed Matthew Hancock answering member 4070 label Biography information for Matt Hancock
	tabling member	1409 label Biography information for Mr Gregory Campbell

155745

	registered interest
	date	17/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to encourage more foreign direct investment in UK companies.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	214745
	answer	answer is ministerial correction date of answer 24/11/2014 answer text <p><strong>In 2013-14 the UK attracted 1,773 foreign direct investment projects, giving a total stock of £1.6 trillion of such investments - more than any other country apart from the USA. During this Parliament the Government has taken action to make the UK a more attractive location to run a business including reducing corporation tax so that it will reach 20% next year – the lowest in the G20 - and investing in skills, science and infrastructure. The Government has also increased resources at UK Trade and Investment including for example establishing private sector-led teams in the Gulf, Central Europe, and South America dedicated to attracting inward investment into the UK. </strong></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 24/11/2014 17:43:50 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1586 label Biography information for Adam Afriyie

169346

	registered interest
	date	10/12/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Foreign Investment in UK
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what success has thus far been achieved by the Regeneration Investment Organisation in securing investment from overseas investors for projects in (1) Greater London, and (2) parts of the United Kingdom outside Greater London that are not included in the National Investment Plan.
	tabling member printed	Lord Kinnock
	uin	HL3632
	answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>UKTI has been focused on securing investment in UK regeneration projects for three years. The Regeneration Investment Organisation was established within UKTI a year ago to strengthen this support for regeneration projects nationwide.</p><p> </p><p> </p><p> </p><p>RIO currently has more than ten active commercial dialogues between investors and regeneration projects following introductions.</p><p> </p><p> </p><p> </p><p>Additionally, successes by RIO (or by UKTI preceding the establishment of RIO) include the following:</p><p> </p><p> </p><p> </p><p>1) Greater London: RIO worked in partnership with London &amp; Partners and the Greater London Authority to encourage investment from new participants in markets including China, Malaysia, Singapore, UAE, USA, Canada. UKTI was involved in attracting international investment in to Battersea Power Station and Nine Elms alongside L&amp;P and the GLA.</p><p> </p><p> </p><p> </p><p>2) Outside Greater London: UKTI, working with local partners, helped in the successful introduction of a Chinese investor to Manchester City Airport, an £800m scheme. It also secured investment for residential schemes in Manchester and Solihull. RIO is focused on ensuring that there is a very strong longer-term pipeline of investable projects outside London – currently 90% are outside the capital. RIO works with all parts of the UK, whether or not there are projects in that area that are included in the National Infrastructure Plan. Details remain confidential at this stage but RIO will shortly announce a major project outside of London.</p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Baroness Neville-Rolfe question first answered 19/12/2014 13:41:45 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	693 label Biography information for Lord Kinnock

381601

	registered interest
	date	16/06/2015
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Foreign Investment in UK
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government how many new inward investment projects were secured for England, Scotland, Wales and Northern Ireland respectively in the last year for which figures are available; and what is their estimate of the number of new jobs associated with these projects in each of the four nations respectively.
	tabling member printed	Lord Wigley
	uin	HL517
	answer	answer is ministerial correction date of answer 23/06/2015 answer text <p>During 2014/15 UKTI recorded a total of 1,988 successful foreign direct investment projects successfully landing in the UK. The table shows the regional distribution of these projects, and the estimated number of new jobs created.</p><p> </p><table><tbody><tr><td><p>Nation</p></td><td><p>Inward Investment Projects 2014/15</p></td><td><p>Estimated new jobs associated</p></td></tr><tr><td><p>England (excluding London)</p></td><td><p>905</p></td><td><p>38,157</p></td></tr><tr><td><p>London</p></td><td><p>796</p></td><td><p>21,776</p></td></tr><tr><td><p>Scotland</p></td><td><p>119</p></td><td><p>5,445</p></td></tr><tr><td><p>Wales</p></td><td><p>101</p></td><td><p>5,085</p></td></tr><tr><td><p>Northern Ireland</p></td><td><p>48</p></td><td><p>4,007</p></td></tr></tbody></table><p> </p> answering member printed Baroness Neville-Rolfe question first answered 23/06/2015 12:36:09 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	547 label Biography information for Lord Wigley

431574

	registered interest
	date	23/11/2015
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Foreign Investment in UK
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, how many (a) foreign direct investment projects were developed in the UK which originated from other EU countries in (i) 2012-13, (ii) 2013-14 and (iii) 2014-15, (b) jobs were created by those projects and (c) jobs were safeguarded by those projects.
	tabling member constituency	Wolverhampton North East
	tabling member printed	Emma Reynolds
	uin	17379
	answer	answer is ministerial correction date of answer 26/11/2015 answer text <p>Below is a breakdown of all successful foreign direct investment projects from EU countries in 2012-13, 2013-14 and 2014-15 together with the estimated number of jobs created and safeguarded, as recorded by UK Trade &amp; Investment.</p><br /><p><strong>Number of Inward FDI Projects originating from EU recorded by UKTI</strong></p><table><tbody><tr><td><p><br /></p></td><td><p><del class="ministerial"><strong>Projects</strong></del></p></td><td><p><del class="ministerial"><strong>New Jobs</strong></del></p></td><td><p><del class="ministerial"><strong>Safeguarded jobs</strong></del></p></td></tr><tr><td><p><del class="ministerial"><strong>2012-13</strong></del></p></td><td><p><del class="ministerial"><strong>485</strong></del></p></td><td><p><del class="ministerial"><strong>15,053</strong></del></p></td><td><p><del class="ministerial"><strong>34,824</strong></del></p></td></tr><tr><td><p><del class="ministerial"><strong>2013-14</strong></del></p></td><td><p><del class="ministerial"><strong>541</strong></del></p></td><td><p><del class="ministerial"><strong>19,933</strong></del></p></td><td><p><del class="ministerial"><strong>22,712</strong></del></p></td></tr><tr><td><p><del class="ministerial"><strong>2014-15</strong></del></p></td><td><p><del class="ministerial"><strong>634</strong></del></p></td><td><p><del class="ministerial"><strong>26,845</strong></del></p></td><td><p><del class="ministerial"><strong>6,076</strong></del></p></td></tr></tbody></table><table><tbody><tr><td><p><ins class="ministerial"></ins></p></td><td><p><ins class="ministerial"><strong>Projects</strong></ins></p></td><td><p><ins class="ministerial"><strong>New Jobs</strong></ins></p></td><td><p><ins class="ministerial"><strong>Safeguarded jobs</strong></ins></p></td></tr><tr><td><p><ins class="ministerial"><strong>2012-13</strong></ins></p></td><td><p><ins class="ministerial"><strong>504</strong></ins></p></td><td><p><ins class="ministerial"><strong>15,399</strong></ins></p></td><td><p><ins class="ministerial"><strong>35,073</strong></ins></p></td></tr><tr><td><p><ins class="ministerial"><strong>2013-14</strong></ins></p></td><td><p><ins class="ministerial"><strong>564</strong></ins></p></td><td><p><ins class="ministerial"><strong>20,432</strong></ins></p></td><td><p><ins class="ministerial"><strong>22,805</strong></ins></p></td></tr><tr><td><p><ins class="ministerial"><strong>2014-15</strong></ins></p></td><td><p><ins class="ministerial"><strong>658</strong></ins></p></td><td><p><ins class="ministerial"><strong>28,250</strong></ins></p></td><td><p><ins class="ministerial"><strong>6,686</strong></ins></p></td></tr></tbody></table><p><em>Source: UKTI FDI projects database.</em></p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/11/2015 16:02:45 question first ministerially corrected 01/12/2015 14:55:44 answering member 3938 label Biography information for Anna Soubry previous answer version 32327 answering member constituency Broxtowe answering member printed Anna Soubry answering member 3938 label Biography information for Anna Soubry
	tabling member	4077 label Biography information for Emma Reynolds