Foreign Investment in UK: North East
The question
To ask the Secretary of State for Business and Trade, what estimate his Department has made of the potential impact of foreign direct investment projects on economic growth in the North East in the last (a) five years and (b) ten years.
Answered by Chris Bryant
DBT’s Official Statistics on inward investment at Inward investment results - GOV.UK show the number of Foreign Direct Investment projects and new jobs created in the North East as per the tables below.
| 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
FDI projects | 77 | 69 | 69 | 59 | 73 |
New jobs | 2,991 | 4,609 | 2,379 | 2,188 | 2,979 |
| 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
FDI projects | 51 | 71 | 61 | 67 | 63 |
New jobs | 1,373 | 5,843 | 3,047 | 4,296 | 2,064 |
The estimated economic impact is only published for DBT-supported projects at a UK level. This has been published since 2019-20 and is shown below.
| 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
Estimated economic impact (£m) | 3,091 | 3,875 | 7,034 | 5,769 | 5,757 | 6,041 |
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