UK is top destination for Foreign Direct Investment (FDI) in Europe
Article posted: 1st February 2016
According to the UK Trade and Industry Inward Investment report, the UK remains the top destination for Foreign Direct Investment (FDI) in Europe. In 2014 the UK attracted the highest number of foreign direct investment (FDI) projects and received the largest value of FDI net inflows in Europe, as confirmed by independent sources.
In terms of individual countries, the USA remains the single largest source of FDI projects. During 2014/15 a total of 564 FDI projects were recorded from the USA, up more than 12% on the previous year. France has become the second largest source of FDI projects for the UK (124 projects) – an almost 13% increase on last year.
Preliminary estimates from the OECD are that the UK has achieved a 50% increase in FDI inflows in a year when the global value of FDI flows fell by 11%.
The report attributes almost 85,000 new jobs in 2014/15 created by FDI projects recorded - up 27% on the previous year, and more jobs through FDI than any other country in Europe. In terms of distribution within the UK, London accounted for 796 FDI projects and nearly 26% of new jobs created.
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