Written question asked by Joe Hendron (Social Democratic & Labour Party), in the House of Commons. It was due for an answer on Tuesday, 11 February 1997. It was answered by Marquess of Lothian (Conservative) on Tuesday, 11 February 1997 on behalf of the Northern Ireland Office.

Northern Ireland Office

Question: What incentives for attracting inward investment towards the constituency of Belfast West his Department has (a) considered and (b) approved (i) since 10th April 1992 and (ii) between 10th June 1983 and 10th April 1992. - Including figures.

Answer: Dr. Hendron: To ask the Secretary of State for Northern Ireland what incentives for attracting inward investment towards the consistency of Belfast, West his Department has (a) considered and (b) approved (i) since 10 April 1992 and (ii) between 10 June 1983 and 10 April 1992. [14360] Mr. Ancram: Between 10 April 1992 and 31 December 1996 the Industrial Development Board constructed four factories and acquired or was in the process of acquiring 36.5 acres of land at a total cost of £6.4 million in the Belfast West constituency. During this period IDB offered financial assistance totalling some £54 million towards total investment of almost £150 million for 15 inward investment projects promising 1,642 new jobs and safeguard 1,368 more. Between January 1983 and April 1992 three factories were built and 11.5 acres acquired in the constituency at a total cost of £2.6 million. Between 1986-87--the earliest year for which equivalent figures are available-- and April 1992 IDB offered support totalling £29 million against investment of almost £104 million by 13 inward investment projects, promoting 202 new jobs and safeguarding 1,826 more.

Secondary information

Type: Written question
Reference: 14360; 290 c166-7W
Session: 1996-97
Subjects: Belfast Foreign investment in UK Industrial Development Board for Northern Ireland
Contains statistics: Yes