India
has retained its position as a leading foreign investor into Britain,
according to latest UK Trade and Industry (UKTI) figures released
here today. India ranks seventh in the top overseas sources of
investment with 74 projects during 2013-14 – a year with the
highest number of projects since records began in the 1980s. UKTI
said the UK remains the most attractive destination in Europe for
foreign business investment, winning almost 1,800 new projects in the
past year. Trade minister Lord Ian Livingston said it had been an
"exceptional year for foreign investment", which had
created 66,390 new jobs, the highest number since 2001. "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," Lord Livingston said.
The US led the rush to invest in Britain with 501 projects in the UK,
followed by Japan (116), France (110), Germany (102), Canada (89) and
China (88). Below India in the tally are Italy (70), Australia (69)
and Ireland (55). John Cridland, the director-general of the CBI,
said: "Investment in Britain is flying high. "The UK is a
very strong brand overseas, and this is an engine for providing the
growth and jobs we need to drive forward a healthy and sustainable
recovery." UKTI says investment rose 8 per cent to a record
level of 975 billion pound and resulted in the creation of 66,390 new
jobs, the highest total since 2001. Europe provided 566 billion
pounds of the total, the Americas 325 billion pound and Asia 72
billion pound. The rest came from Australasia and Africa. The 975
billion pound was the second-highest total of all the countries
surveyed, behind the US (2,890 billion pound), and ahead of Hong Kong
(845 billion pound), France (630 billion pound) and China (560
billion pound). The majority of the projects were in England but
investments in Scotland (122), Northern Ireland (50) and Wales (79)
each created or safeguarded significantly more jobs on average.
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