Overseas investment into UK smashes records

Wiseman AdminCommercialLeave a Comment

2017 saw the greatest levels of inward investment since records began, a new report has revealed.

The figures, published by the Department for International Trade, suggests that the UK remains a “top destination” for investment, despite political and economic uncertainty.

The latest data shows that stocks from across Asia have increased by more than 33 per cent in 2017 to £128 billion, while stocks from Japan increased by 71 per cent to £78 billion.

The greatest growth from any country, however, came from Indian investors, rising 321 per cent to £8 billion.

In total, the UK’s FDI stocks increased by 12.6 per cent to £1,337 billion in 2017 compared to the previous year.

The fastest growing industry during this time was the financial services sector, accounting for 28.8 per cent of total inward investment, or around £385 billion.

International Trade Secretary and President of the Board of Trade, Dr Liam Fox, said the figures show that investors have “maintained confidence” in the UK as an investment destination.

“As we prepare to leave the European Union, foreign investors from around the globe are as confident as ever investing in the UK. The significant rise in the amount of investment from Asia is evidence that the growing economies are important partners for the UK, relationships which I am committed to developing and deepening,” he said.

“Foreign Direct Investment has an overwhelmingly positive and transformative effect on the UK economy, bringing jobs, prosperity and growth. My international economic department is focused on ensuring that the effects are felt in every part of the country.”

The figures follow a recent report which found that the global venture capital industry “tripled in size” in 2017, with the UK remaining the European leader in investment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.