Subscribe

feed image

Our FX reports

Adam Solomon's insight into business and corporate FX issues.
Your Questions on foreign exchange sent direct to the professionals.
The Economy News brings you the latest foreign exchange rate news.

FX Latest

INSIGHT

Swiss economy to cool as global stimulus packages end
2011 will see the need for the world economy to stand on its own two feet once again say head of...Read more...
Insurers challenged by increased wild fire risks
With Russian wildfires grabbing the headlines, the Lloyds of London insurance market warns that...Read more...
Swiss bankers dismisses earning season hype
The Economy News presents an excerpt of an article looking into the hype that is the earning season...Read more...
Defending Woodford's Zimbabwean investment
It is lazy journalism to describe the Zimbabwean economy of 2010 as being one that is in scandalous...Read more...
Forex markets await the stress test
Mark Deans at MoneyCorp gives his morning verdict on the forex markets.Read more...
Home Economic Fundamentals UK Economic Foreign investment into UK increases
Foreign investment into UK increases PDF Print E-mail
UK Economic
Written by Gary Howes   
Wednesday, 17 June 2009 13:37
UK Economic News: It has been revealed today that over the past year (2008-2009) five new foreign direct investment projects located to the UK every day.

Foreign direct investment in the UK rose with a total of 1,744 investment projects locating and expanding here.

The figures come despite the recession which has ensured international companies are dealing with some of the most difficult economic conditions for generations.

The UK maintains its position as the number one destination for foreign investors in Europe, and second in the world, coming in after the US.

This year 53 countries have invested in the UK, with investment projects from India increasing by 44% in the past year to become the UK's second largest source - 108 FDI projects.

The USA remains the first source of investment – which this year rose by 30% to 621 projects. Other nations providing increased investment into the UK this year were Italy (up 45%), France (up 15%), Canada (up 25%) and The Gulf (up 25%).

Business Secretary Lord Mandelson said,

“What the UK has to offer is one of the best and most productive investment climates in the world.  At a time when companies across the world are tightening their belts and focusing their investment in the sectors and countries where it will bring the most benefit, these results are testament to the fundamental strengths of the UK’s economy and will prove our ability to come through this downturn stronger, and ready for success.”

Investments this year created over 35,000 new jobs (over 78,000 jobs created or safeguarded). In the past six years over 215,000 new jobs have been created due to inward investment projects (almost 500,000 jobs created or safeguarded).