Cash rolls in as foreign investors continue to rank UK above EU for new projects

For new foreign direct investment projects EU falls behind UK for third year in succession

Montage © Facts4EU.Org 2022

The UK retains its crown and job creation is the largest for a decade

This report covers foreign direct investment into the UK and into the EU. It is based on the work of EY with their annual "attractiveness surveys". The latest set came out on Monday and they clearly show the UK leading the EU when it comes to new foreign direct investment projects.

Whilst this may sound like a dry subject (some might even think "dull"), bear with us. Foreign investment in the UK last year generated 60,372 jobs — the country’s highest level in the last 10 years - and brought considerable wealth into Brexit Britain.

Brexit Facts4EU.Org Summary

1. New foreign direct investment projects - UK versus the EU - 2021

  1. United Kingdom: 764
  2. France : 678
  3. Germany : 381
  4. Spain : 286

© Brexit Facts4EU.Org 2022 - click to enlarge

Average jobs created per new project

  1. United Kingdom: 68
  2. France : 48
  3. Germany : 38

Total jobs created in UK in 2021 from new foreign investment projects: 60,372

“Brexit has not damaged the UK’s fundamental appeal”

Commenting on the annual EY Attractiveness Survey, Anna Anthony,
UK Financial Services Managing Partner at EY, said:

Six years since the EU referendum, we can be confident that Brexit has not damaged the UK’s fundamental appeal, with its deep history in financial services and access to top talent. Investors clearly recognise that the UK continues to offer a unique environment for growth, innovation and progress.

“That’s not to say the UK isn’t facing strong competition, and France in particular has narrowed the gap. But the UK secured a much higher number of ‘new’ projects, which typically create more jobs and higher levels of investment.

And how are things looking for 2022 and beyond?

The EY reports do not only look at last year, they also look ahead. Here the picture is even rosier.

"One of our most striking top-line findings is that sentiment towards UK investments is increasingly positive this year. Over half — 58% — of the investors surveyed are planning to invest in the UK in 2022, up from 41% last year and the highest level of intent ever recorded in these surveys."

- EY Attractiveness Survey 2022

Brexit Facts4EU.Org Summary

Foreign investors planning to make UK investments in next 12 months
in new and existing projects

Here are figures from before the Referendum

  • 2016 : 23%
  • 2017 : 24%
  • 2018 : 24%
  • 2019 : 23%
  • 2020 : 41%
  • 2021 : 58%

© Brexit Facts4EU.Org 2022 - click to enlarge


Brexit Britain leading the EU

The Facts4EU.Org team always likes to bring readers information they will not see elsewwhere. In this case a highly detailed set of reports came out on Monday from the well-respected EY (formerly 'Ernst and Young') stable, which we looked at in detail.

We also like to focus on what is new. In the EY report the really interesting information appeared way down. In our summary above we looked at this and the results once again show Brexit Britain in a very positive light. What we found most interesting was the number of NEW foreign direct investment projects - and how the United Kingdom is once again ahead of all EU countries.

What was also striking was the quality of these investments. Those placed in the UK create far more jobs than those in the EU.

It is also encouraging to see the immense growth in the number of foreign companies expecting to invest in the newly-independent United Kingdom this year. It is difficult to see this as anything other than a vote of confidence in Brexit Britain, from around the world.

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[ Sources: EY Attractiveness Survey 2022 ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Thurs 16 June 2022

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