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FDI projects created nearly 76,000 new jobs in UK in 2017 / 18

Nearly 76,000 new jobs were created as a result of inward investment from foreign direct investment projects in 2017 / 18, more than the previous year.

Figures from the UK's Department for International Trade published on Tuesday show 2,072 projects recorded, 75,968 new jobs were created and that 15,063 were safeguarded, amounting to nearly 1,500 new jobs per week across the country.

Overall the UK remained the number one destination for inward investment in Europe, with the wholesale, food and drink, electronics, and infrastructure sectors all seeing an increase in the number of new jobs.

International Trade Secretary Dr Liam Fox said: "Two years since the EU referendum, the UK has record employment and seen an increase in new jobs as a result of inward investment."

"We remain the top destination in Europe and third in the world for foreign direct investment. As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination, with an open, liberal economy, world-class talent and business-friendly environment."

The increase in new jobs result from investment from across the whole globe, with jobs from German investment up by over 60%, increasing to 9,357. New jobs from Indian investments increased from 3,999 to 5,659 and from US investment, jobs surged to 26,570 – an 8% increase on the previous year.

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