NewsCase StudiesEvents

Inward investment brings 4,800 new jobs a month to the UK

Also in the news...

Preparing for the Customs Declaration Service

Find out what you need to do to prepare for making declarations on the Customs Declaration Service.

Online Business Set-Up: 5 Tips to Help Your Website Rank in the UK

If youíre setting up a new online business, having a user-friendly website and sound SEO strategy thatís tailored to your target market is important. And if youíre targeting British consumers, there are a few SEO boxes you can tick to ensure you rank well on UK-based searches and drive the right traffic back to your website.

Check if youíre established in the UK for customs

Find out whether you're established in the UK for customs purposes.

Carry out international road haulage

What UK goods vehicle operators need to do to carry out international road haulage.

Import firewood into England, Scotland or Wales

Find out how to import firewood, such as logs and kindling, into England, Scotland and Wales (Great Britain).

Inward investment brings 4,800 new jobs a month to the UK

Back to News

Over 57,000 new jobs were created as a result of inward investment from foreign direct investment projects in 2018/19.

Figures from the Department for International Trade published today (26 June), 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.

The figures published today complement recent reports that show that despite a competitive global investment environment, the UK continues to attract more foreign direct investment projects than any other country in Europe.

Of the number of projects that the UK attracted, the Department for International Trade helped to secure 81% of them.

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.

The software, life sciences and oil & gas industries all saw an increase in the number of jobs attracted into their sectors.

International Trade Secretary, Liam Fox MP said:

Despite global economic headwinds and a competitive investment environment, the UK continues to be the number one destination for foreign direct investment in Europe, accumulating more FDI stock than Germany and France combined.

Todayís figures show the UK remains extremely attractive to foreign investors, particularly our European neighbours.

My department will continue to promote the strengths of the UK as a great inward investment destination, with an open, liberal economy, world-class talent and business friendly environment.

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.

The US continues to be the UKís number 1 source of foreign direct investment investing in 440 projects in the UK, with Germany in 2nd place and India in 3rd place for the number of investments made.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.