To ask the Scottish Executive how many inward investment projects were obtained by Scotland in each of the last five years and what the value was of each project, shown also as a percentage of total inward investment into the United Kingdom.
Table 1 shows the number of involved successes that Scottish Development International (SDI) has reported in each of the last five years. Involved successes are those inward investment projects that SDI has played a significant role in attracting to Scotland. As companies are not required to notify SDI when investing in Scotland, it is not possible to identify all projects.
Table 1: Scottish Development International’s Involved Successes
| | 2007-08 | 2006-07 | 2005-06 | 2004-05 | 2003-04 |
| Total projects | 69 | 59 | 53 | 46 | 65 |
| Total investment* (£ million) | £289.988 | £313.598 | £245.566 | £140.797 | £231.499 |
| Total jobs | 6,715 | 7,507 | 6,043 | 5,068 | 5,475 |
| Total high value jobs** | 2,638 | 1,774 | 1,527 | 1,821 | 1,261 |
Notes:
*The value of each project is not available as, unless they receive public funding, companies are not obliged to release details of their investment.
**High value jobs are jobs with salaries at least 20% above the Scottish average and/or those in research, design and development.
Table 2 shows data from Ernst & Young’s European Investment Monitor (EIM), which tracks cross-border investment projects and trends throughout Europe. Although the EIM is the most comprehensive source of this information, it cannot capture every project. Note that the EIM data includes both involved and non-involved successes but excludes intra-UK movement and certain categories of investment project, such as extraction activities, for example. SDI records in its figures projects that come to Scotland from other parts of the UK but excludes non-involved successes.
Table 2: Scottish Inward Investment Projects Shown as a Percentage of UK Projects
| | 2007-08 | 2006-07 | 2005-06 | 2004-05 | 2003-04 |
| Total UK projects | 708 | 691 | 604 | 556 | 368 |
| Total Scottish projects | 61 | 65 | 51 | 66 | 29 |
| Scottish projects shown as a % of UK projects | 8.62% | 9.41% | 8.44% | 11.87% | 7.88% |