Simon Hoare
Main Page: Simon Hoare (Conservative - North Dorset)Department Debates - View all Simon Hoare's debates with the Cabinet Office
(5 years ago)
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Alun Cairns
The hon. Gentleman is quite selective in the quotes that he cites on foreign direct investment. He and the House will be well aware that the latest available figures show that the UK has the third highest stock of foreign direct investment in the world after the US and Hong Kong. Clearly, the UK’s record on FDI is strong, and I suggest that Wales’s record is stronger than most of the rest of the UK.
Simon Hoare (North Dorset) (Con)
Will my right hon. Friend ensure that every single UK trade delegation overseas sings the song loudly and proudly that Wales is, and will continue to be, open for business?
Alun Cairns
I am grateful to my hon. Friend for his question. He is rightly aware of the great record that Wales has on attracting inward investment. There are more than 60 Japanese companies in Wales, for example, and that is why I was there some weeks ago talking not only about existing investments but about the potential for new investments for the UK outside the European Union.