Byers Hails Inward Investment Figures As "Ringing Endorsement" for UK


Ernst and Young figures show that UK is Europe's favourite place to invest.

Trade and Industry Secretary Stephen Byers today hailed new inward investment figures released by accountants Ernst and Young as a "ringing endorsement" for the UK.

The figures show that the UK is the favourite place for inward investment among European countries. The company's Investment Monitor Report covering the year 2000 shows that:

  • UK inward investment projects are up 13% on 1999;
  • the UK enjoys over twice the rate of European investment growth;
    • and
  • the UK is Europe's favourite investment location and its market
    • share is up.

    The report also shows that:

  • There were 2243 investments across Europe, 5% up on 1999;
  • there were 575 UK investments, up 13% (from 508) on 1999;
  • UK investment market share in Europe up by 2% to 26%; and
  • the next largest is France with 15%


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    Posted on May 4, 2001
    Region: UK