Foreign investors rush to Britain, despite EU referendum uncertainty – Telegraph.co.uk

8 months ago Comments Off on Foreign investors rush to Britain, despite EU referendum uncertainty – Telegraph.co.uk

The surge spurred a 35pc increase in FDI associated employment, to more than 42,000.

Despite the increase, the survey also revealed the “largest ever decline in investor perceptions of the UK recorded”.

The survey of 440 international companies showed that just over a third of respondents expected the UK’s attractiveness to foreign investors to improve over the next three years, compared with 54pc last year.

This represents the lowest score since 2010, at the start of the Greek debt crisis.

Steve Varley, EY chairman, described the UK’s FDI performance in 2015 as “nothing short of stellar”.

He said a 172pc surge in the number of investors locating their headquarters in the UK and a jump in research and development projects reflected confidence in government policy.

“Against a positive backdrop, there has certainly been a marked deterioration in investor perceptions of the UK on a scale we have not witnessed before,” he added.

Foreign investors rush to Britain, despite EU referendum uncertainty – Telegraph.co.uk