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Inward Investment and Regional Development in North-East England

In: Bargaining with Multinationals

Author

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  • Henry Bernard Loewendahl

Abstract

In this chapter we analyse the role of inward investment in regional economic policy in the North-East (and Cumbria) region. We have seen that the North-East has attracted the largest number of manufacturing FDI projects per capita in England and is more dependent on the employment provided by foreign companies than any other UK region, except Wales. We have also seen than the region has attracted two of the UK’s biggest ever ‘flagship’ manufacturing projects, Nissan and Siemens, each with contrasting impacts on the economy. Nissan spurred the development of a regional supplier industry and is the one of the biggest employers and the biggest exporter in the region, while Siemens’ major impact would have been on upgrading the quality of work and increasing disposable income in the region, through its demand for a highly trained work-force.

Suggested Citation

  • Henry Bernard Loewendahl, 2001. "Inward Investment and Regional Development in North-East England," Palgrave Macmillan Books, in: Bargaining with Multinationals, chapter 11, pages 295-332, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59571-2_11
    DOI: 10.1057/9780230595712_11
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