The UK remains the leading destination for foreign direct investment in Europe, according to a report issued by UK Trade & Investment (UKTI) in June. Highlights of the report include:
• 2014-15 foreign direct investment (FDI) has resulted in over 100,000 new and safeguarded jobs in the UK.
• Attractiveness of the UK as an investment destination confirmed as UK’s FDI stock reaches £1 trillion ($1.56 trillion).
• The UK received the highest number and value of FDI projects in Europe in 2014.
The annual investment figures from UKTI for the 2014/15 financial year show the UK attracted 1,988 FDI projects — 12 percent more than 2013/14 — estimated to have brought with them almost 85,000 new jobs and 23,000 safeguarded jobs across the UK.
The UK’s strong performance during 2014 has seen the country’s inward FDI stock — the value of accumulated FDI in the UK — break the £1 trillion level for the first time. This is the highest in Europe and third in the world after the United States and China.UKTI statistics show that FDI into the UK came from more than 70 countries, including the world’s leading emerging markets. The US remains the largest source of inward investment, with a total of 564 projects in 2014/15, followed by France (124 projects). Investment from India increased by 65 percent, making it the UK’s third largest source of FDI accounting for over 9,000 new and safeguarded jobs. There was also evidence of a strengthening relationship with China with 112 projects, including 13 from Hong Kong in 2014/15 resulting in almost 6,000 new and safeguarded jobs.
Mark Arend has been editor in chief of Site Selection magazine since 2001. Prior to joining the editorial staff in 1997, he worked for 10 years in New York City at Wall Street Computer Review, ABA Banking Journal and Global Investment Technology. Mark graduated from the University of Hartford (Conn.) in 1985 and lives near Atlanta, Georgia.