The UK has experienced record breaking investment from foreign businesses over the course of the last financial year.
The newly appointed International Trade Secretary, Liam Fox, announced that in the year to April 2016, there were a total of 2,213 investment projects made by international companies in the UK – an increase on 11% on the previous year.
Figures from the Department for International Trade stated that a total of 116,000 jobs have been created or safeguarded over the past year, bringing the total number of jobs created in the UK through foreign direct investment since 2010 to almost 390,000.
Commenting on the figures, Mr Fox said: ‘These impressive results show the UK continues to be the place to do business.
‘We’ve broadened our reach with emerging markets across the world to cement our position as the number one destination in Europe for investment.
‘This continued vote of confidence in the UK will help attract foreign investment to create jobs, security and opportunities for people across the UK.’
In line with the continued plan for the creation of a new Northern Powerhouse region, the greatest increase in investment was found across the North of England.
The North West saw an increase of 118% year-on-year, whilst the North East and Yorkshire and the Humber saw a rise of 83% and 66% respectively.
The biggest increase in terms of job roles was seen in the Midlands, where a total of 14,797 jobs were created between April 2015 and April 2016.
With more than 570 projects, the US has remained the largest provider of new projects within the UK, with China and India following suit with a total of 156 and 140 projects each.
Released today, the figures do not provide coverage of the period following the UK’s decision to leave the European Union, but deals such as the sale of ARM Holdings to Japanese firm Softbank, completed for bn last month are indicative of a willing market for UK property.