Post-referendum figures show Britain retains charm for FDI

Agency: Figures published by the UK Department for International Trade Thursday revealed that Britain attracted more foreign direct investment projects than ever before for the year 2016-17.
With more than 2,200 projects recorded, the post-referendum figures show an increase of 2 percent on the previous year. The data also shows that 75,226 new jobs were created, and 32,672 safeguarded, amounting to over 2,000 jobs per week across the country.
The department said that the UK is the number one destination for inward investment in Europe, with the technology, renewable energy, life sciences and creative industries all seeing an increase in the number of projects.
International Trade Secretary Liam Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors.”
The department said that the United States retains the top spot investing in 577 projects in the UK, with China (including its special administrative region Hong Kong) remaining in second place with 160 projects.

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