UK leads foreign investment table

The UK has strengthened its position as the top European destination for foreign investment, with more than 1,500 projects in the past year, creating or safeguarding 170,000 jobs, says a new report.

UK Trade and Investment (UKTI) said there was an 11 per cent increase in the number of foreign investments over the last 12 months, bringing 60,000 jobs and safeguarding a further 110,000 posts.

Trade and investment minister Lord Green said: “The UK has received a major vote of confidence from foreign investors, confirming that the UK remains a world-leading business destination.

“Attracting foreign investment is an important element of the UK government’s economic and growth programme”