Written question asked by Alison McGovern (Labour) on Tuesday, 8 March 2011, in the House of Commons. It was due for an answer on Thursday, 10 March 2011. It was answered by Mark Prisk (Conservative) on Wednesday, 16 March 2011 on behalf of the Department for Business, Innovation and Skills.
Northwest Regional Development Agency
- Question
- (2) whether he has made an assessment of the (a) cost to the public purse and (b) effect on employment levels in the North West of the transfer to UK Trade and Investment of the North West Regional Development Agency's inward investment support function.
- Answer
-
No assessment has been made by this Department of the effect on the economy of the North West Regional Development Agency's (RDA) inward investment function. UK Trade and Investment (UKTI) is carrying out a procurement for a new national contractor for foreign direct investment (FDI). Within the procurement, UKTI is requiring bidders to develop a framework to deliver FDI projects. That framework needs to be capable of delivering broadly the same number of projects in the north-west as it received in 2009/10, the last full year for which figures are available.
UKTI recorded FDI successes in the north-west Level of involvement Number of projects Number of new jobs Number of safeguarded jobs Total number of associated 2009/10 UKTI and/or RDA involved 136 6,556 5,132 11,688 No involvement 43 528 1,270 1,798 Total 179 7,084 6,402 13,486 2008/09 UKTI and/or RDA involved 114 4,565 4,931 9,496 No involvement 62 606 1,334 1,940 Total 176 5,171 6,265 11,436 Clearly the mix of those projects, and employment levels arising from them, will vary from year to year.The impact on the public purse is yet to be established as the procurement process is not finished but the total cost of this national service will be less than the aggregate costs of RDA delivery previously.
Secondary information
- Type
- Written question
- Reference
- 45802; 525 c437-8W
- Session
- 2010-12
- Subjects
- Northwest Regional Development Agency
- Contains statistics
- Yes
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:19:00 +0000
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