Foreign Investment in UK

Department for International Trade written question – answered on 23rd June 2020.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what assessment they have made of the most recent inward investment statistics.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

Two major FDI publication have recently been published, reflecting on European investment performance in 2019. The Financial Times’ FDI Report 2020 placed the UK top in Europe, with 1,271 recorded FDI projects – more than Germany and France combined (702 and 500 respectively). This gave the UK an overall market share of 20% in Europe.

The EY UK Attractiveness Survey 2020 shows a different picture with the UK receiving fewer projects than France (1,109 to 1,197), therefore conceding the top spot in Europe. Despite the EY report recording an increase for the UK’s FDI project numbers, France saw a greater increase (5% compared to 16%).

According to UNCTAD’s WIR 2020, the UK remains the top destination in Europe for attracting foreign direct investment with the highest inward FDI stock in Europe, and has improved its position to being the second highest inward FDI stock in the world, behind the US. The UK’s FDI stock of $ 2 trillion has risen by 10% compared to 2018 and almost doubled from its 2010 levels.

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