UK attracts record inward investment projects
Figures from UK Trade and Investment (UKTI) for the 2013/14 financial year show that Britain attracted 14% more foreign investment projects than a year earlier.
In total 1,773 investment projects were set up by overseas businesses, creating 66,390 jobs in all.
UKTI’s report also shows that the benefits are spread throughout the UK with England, Scotland, Wales, Northern Ireland and London all recording increases in the number of investment projects landing, and new jobs created.
Northern Ireland in particular recorded a significant increase in inward investment in 2013/14- up 32% year-on-year. While Wales registered an 18% increase and Scotland a 10% boost.
Individual investments in Wales and Scotland, on average, had the largest impact in terms of the creation or safeguarding of jobs (132 and 87 jobs per project respectively). Each investment in Northern Ireland is associated with 77 jobs, while projects landing in London are estimated to have created or safeguarded, on average, 44 jobs per project.