Thread by @AllianceBE

The UK continues to attract more foreign direct investment projects than any other country in Europe, despite #Brexit

A nice little #ThursdayThoughts feelgood THREAD on why the UK is stronger than ever. 🇬🇧💪🏼

[1]

gov.uk/government/new…

[2] Figures from the Department for International Trade published yesterday show 1,782 new inward investment projects were recorded in 2018/19, creating over 57,000 new jobs and safeguarding nearly 7,000 jobs in the UK.

[3] The figures also show UK regions increasing their share of total UK FDI projects since 2016/17. The Midlands Engine and Northern Powerhouse regions saw a 2.6 percentage point and 1.4 percentage point increase in their total share of UK projects.

[4] Figures from 2018/19 show an increase in the number of FDI projects coming from a number of European countries including Ireland, Netherlands, Italy and France, where inward investment projects have increased by 10.4%, 7.1%, 6.3%, and 4.3%, respectively.

'despite #Brexit'

[5] The latest attractiveness report by EY shows that the UK remained the number one destination in Europe for foreign direct investment, securing 1,054 investment projects in 2018, despite a fall in FDI projects into Europe.

[6] fDi’s intelligence Report 2019 showed the UK attracted more greenfield investment projects in 2018 than Germany and France combined.

[7] The latest data by UNCTAD showed that by the end of 2018, the total value of the UK’s inwards investment stock was $1.89tn, the highest in Europe and third highest in the world. The value of the UK’s inwards stock was also worth more than Germany and France combined.

[8] ONS’s latest National Statistics (to the end of 2018) show the inward FDI stock is at the highest level recorded (£1.489 trillion).

[9] The UK was found to be the top country for doing business in Forbes’ 2019 report, a measure which ranks countries according to how business friendly they are based on 15 different factors from property rights to investor protection.

[10] #Brexit will allow us to build and improve on this, giving incentives to great British businesses. We can favour innovators & disruptors over #EU multinations and their lobbying teams. We can build a lithe and competitive regulatory environment for business to thrive.