Britain has benefitted from record-breaking inward investment by foreign companies, creating 11,119 new jobs in West Midlands according to the yesterday’s figures which have been welcomed by Bill Wiggin MP.
In the last financial year almost 1,600 new jobs were created every week by foreign direct investment – nearly 390,000 new jobs since 2010. Across the country, 2,213 projects were secured with around 116,000 jobs created or safeguarded as a result of inward investment, the second highest total on record.
Yesterday’s figures are the latest confirmation that the UK ranks highest in Europe for foreign direct investment.
Commenting on the latest figures, Bill Wiggin MP said:
‘These record-breaking figures show West Midlands is open for business thanks to the steps this government has taken.
‘Since 2010, we have seen almost a million new businesses across the UK and record-high employment proving the whole country, including here in West Midlands, is an attractive place for overseas investors to do business.
‘These results show we are in a position of strength as we begin to forge a new role for ourselves in the world – negotiating our own trade agreements so that we can build a country that works for everyone no matter where you live.’