Overseas cash helps UK work

British manufacturing’s dependence on foreign money was underlined this week in new data from the Department of Trade and Industry. The DTI’s first Regional Competitiveness Indicators state that overseas companies invested an annual average of £4.76bn in their UK operations over 1994 and 1995, accounting for 31.2% of all activity. Three regions are cited as […]

British manufacturing’s dependence on foreign money was underlined this week in new data from the Department of Trade and Industry.

The DTI’s first Regional Competitiveness Indicators state that overseas companies invested an annual average of £4.76bn in their UK operations over 1994 and 1995, accounting for 31.2% of all activity.

Three regions are cited as significantly over the average: the North East (46.2% of total regional investment), Scotland (45.3%) and the West Midlands (39.4%). All have attracted significant investment from Japan and South East Asia, sources of concern over their commitment to UK programmes.