Highest levels of inward investment recorded since the 1980s

The research, highlighting that the UK attracted 14 per cent more projects than last year, has been  supported by the likes of EY, who have confirmed that the UK remains the number one destination in Europe for foreign direct investment projects.

Since 2010, UKTI has recorded 6,172 inward investment projects which are estimated to have created more than 220,000 jobs. Over the same period 412 projects in Scotland created almost 21,000 new jobs.

Prime Minister David Cameron welcomed the announcement ahead of the Commonwealth Games Business Conference in Glasgow. He said: “Part of our long-term economic plan for the UK is about promoting every part of our country to the world and Glasgow’s Commonwealth Games will give us another fantastic platform to do this.

I promise this government will continue to work on behalf of every hardworking business in the UK to drum up trade, encourage investment and pave the way for growth so we can generate jobs, pay our way in the world, and create stability, security and a brighter future for our country.”

The report 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 investment projects (32 per cent) compared to 2012 to 2013.

Trade Minister Lord Livingston said: “It’s been an exceptional year for foreign investment with record project numbers creating the highest number of new UK jobs since 2001. This excellent performance demonstrates the effectiveness of the government’s plans to deliver growth.

It shows that our strategy to attract investors to the UK by creating one of the most business-friendly environments in the world is the right one and it is proof that foreign investors have confidence in the UK as the best place to do business.

The UK continues to attract high quality investment from around the globe both from our established economic partners in Europe, North America and Japan but also from key growing markets such as India and China.”

The USA led the way as the largest source of FDI projects for the UK, generating 501 projects, up 27 per cent. 

European companies also demonstrated increased interest in the UK, with the two largest European contributors being France and Germany, both delivering over 100 projects.

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