DIT publishes the national inward investment results 2020 to 2021
The Department for International Trade (DIT) has published the national inward investment results 2020 to 2021.
Despite the economic global slowdown due to the pandemic, the UK remains one of the most attractive places in the world to invest in with 1,538 foreign direct investment (FDI) projects in the 2020/2021 financial year. The UK economy showed its underlying strengths, attracting investment from around the world. The USA continues to be our biggest investor, with India second. Within the Thames Valley region we anticipate performance to hold-up with a smaller, than national average, decline in the FDI attracted.
DIT statistics show the levels of inward investment projects for this financial year. 2020/21 headlines include:
- Total projects are 1,538 – down 17% (on the 2019/20 total of 1,852).
- The South East region attracted a total of 163 projects (the highest of any English region), securing 2,538 new jobs. London attracted 492 projects and 13,832 new jobs.
- New jobs at 55,319 are down 1% (56,117).
- Safeguarded jobs at 18,187 are up 102% (9,021).
- New investments at 888 are down 23% (1,153); Expansions (including retentions) at 477 are down 5% (504).
- Top source markets for FDI projects into the UK – 1st the United States; 2nd India and 3rd
- By sector, Software and computer services attracted 264 projects and 11,384 new jobs; Financial services – 140 projects, 3,234 new jobs and Advanced engineering and supply chain – 127 projects and 2,087 new jobs. Life Sciences – 100 projects and 2,409 new jobs and Biotechnology and pharmaceuticals – 74 projects and 2,093 new jobs.
Minister for Investment Gerry Grimstone said:
“Driving inward investment into all corners of the UK to help boost the economy and create jobs is our top priority. DIT works closely with investors across the globe to make the UK the destination of choice for investment”.