Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: HealthTech investments trends, AI within business & more

Tech City Voices

AI and the legal sector: Opportunities, challenges and predictions

Need to Know

Q&A: Simon Freeman of Freestak on securing Angel investment, Brexit and overcoming ‘impostor syndrome’

Press Releases

Chimni calls for the UK proptech community to work more closely with the housebuilding industry
Blockchain Conference: Blockchain Expo announces Berlin and North America dates
Neyber calls on government to cut excessive credit costs for UK employees

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.

UK FinTech ‘attracts $532m in VC investment’ in Q3 2016

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

Reports

Top tech stats: HealthTech investments trends, AI within business & more
posted 22 hours ago

legal robot

AI and the legal sector: Opportunities, challenges and predictions
posted on January 20, 2017

Freestak

Q&A: Simon Freeman of Freestak on securing Angel investment, Brexit and overcoming ‘impostor syndrome’
posted on January 20, 2017

Startup Weekly (3)

Startup Weekly: New Milton Keynes tech accelerator, MassChallenge demo day & more
posted on January 20, 2017

TWIT Emily 19th Jan 2017

Gilo Industries gets $30m, Deliveroo creates 300 new London tech jobs & more in the Week in Tech
posted on January 20, 2017

Tech talent

How your employees can play a role in attracting the best tech talent
posted on January 19, 2017