Menu visibility control

Video

Events

Startup Surgery

Most Recent

Tech City Voices

Spring Budget 2017: The key takeaways for tech entrepreneurs

News

Top tech stats: Job automation, driverless cars and much more

News

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

UK attracts record level of foreign investment

Danny Alexander
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Never before, since records began in the 1980s, has the UK attracted so much investment from abroad.

Research by UK Trade & Investment has revealed that 1773 projects were established using ‘inward investment’ in 2013/14 – a rise of 14% on the previous year.

The investment created over 65000 jobs, which is the highest total since 2001.

Outpacing Europe

The UK was the largest recipient of investment in Europe. Almost 20% of all capital investments destined for Europe was UK bound.

In fact, only the USA attracted more investment from abroad.

Trade Minister Lord Livingston praised “an exceptional year for foreign investment”.

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.

Who’s investing

Though the UK saw increases in investment from Asia and Europe, the USA was also the largest source of investment in the UK.

US investment, which created 501 projects, was almost 5 times higher than the next biggest investor Japan.

North American neighbour Canada was the biggest contributor from the Commonwealth (and 5th worldwide) which shows the appetite for investment from across the pond.

Inward investment in Tech

When Tech City UK was set up in 2010, their main objective was to attract foreign direct investment (FDI) for London’s growing tech scene.

Early successes saw the likes of Facebook and Google set up in London, who respectively set up an engineering hub and community space Campus.

While London has been the main benefactor of foreign investment, the UKTI report shows that the benefits are spread throughout the UK.

England, Scotland, Wales, and Northern Ireland all recorded increases in the number of investment projects landing and new jobs created.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Big Ben Spring Budget 2017

Spring Budget 2017: The key takeaways for tech entrepreneurs
posted 2 hours ago

jobs automation top tech stats

Top tech stats: Job automation, driverless cars and much more
posted on March 25, 2017

Startup Weekly

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more
posted on March 24, 2017

London skyline

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC
posted on March 24, 2017

The North of England

The top tech hubs in the North of England
posted on March 24, 2017

TWIT Emily 23.03.17

A $30.4m Series B, a £120m AI fund, a Mario Kart hack and more in The Week in Tech
posted on March 24, 2017