Post by Deleted on Jun 7, 2023 11:33:04 GMT
The story according to Gaslight Britain News: London is top in financial services -- only.
The Gospel according to Ernst & Young : London is top overall.
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www.gbnews.com/politics/brexit-news-uk-investment-london-since-2016
Brexit scaremongering proven WRONG as London seals highest investment in Europe
The City defies Brexit doom-mongers to retain top spot for foreign direct investment in Europe. The UK attracted the highest amount of inward direct investment in 2022, extending its lion’s share of the European market to more than a quarter.
Releasing figures sure to infuriate pro-EU activists, the annual Ernst & Young (EY) attractiveness survey found foreign investors flocked to the City to fund 46 financial services projects last year, up from 39 in 2021. By comparison, second place Paris enticed foreign investment for 35 finance proposals, sliding from 38 in 2021, while Madrid secured 22 foreign investment projects compared to 29 in 2021.
Overall, the UK attracted foreign investment to 76 financial services projects in 2022, a 17 per cent rise on the 63 projects in 2021. It puts clear blue water between the UK and France, which recorded 45 projects in total, down 15 on 2021 figures.
America was the biggest source of foreign investment in financial services in Europe last year, accounting for 21 of the UK’s 76 projects in 2022.
Financial services investment projects created 2,603 jobs in the UK last year, a rise of four per cent on 2021.
Across Europe, 10,700 new jobs were created in financial services, of which 1,700 were recorded in France.
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www.ey.com/en_uk/news/2023/05/foreign-direct-investment-uk-remains-second-in-europe-despite-a-fall-in-project-numbers#:~:text=The%20UK%20hosted%20929%20FDI,peak%20of%2021%25%20in%202015.
Foreign Direct Investment: UK remains second in Europe despite a fall in project numbers, new EY report reveals
The UK remains second in EY’s annual ranking of European countries by their ability to attract Foreign Direct Investment (FDI) projects, according to the EY 2023 UK Attractiveness Survey, despite activity falling in 2022
France held onto top spot for total project numbers for a fourth consecutive year, although the UK once again ranked highest in Europe for new projects and continued to deliver more total jobs and jobs per project than Germany and France – trends consistent with the UK’s pivot in strategy to focus on value over volume when attracting FDI.
The UK hosted 929 FDI-backed projects in 2022, down 6.4% from 2021 (993) and 4.7% down from the pandemic-affected 2020 (975). UK project numbers reached their record high in 2017 (1,205 projects). The UK’s 15.6% share of all European FDI projects in 2022 was down from 16.9% in 2021 and a peak of 21% in 2015.
A key factor in the UK’s overall decline in project numbers was a significant fall in digital technology, its leading sector for FDI. Tech projects declined by almost a quarter (23.3%), from 305 in 2021 to 234 in 2022, with the UK’s share of Europe’s digital projects falling from 29.2% in 2021 to 19.8% last year as Europe played catch-up to recent UK growth in this sector. Despite its fall in market share, the UK still led Europe for tech FDI.
Political uncertainty and the ongoing impact of Brexit on trade and investment will likely have played a part in the UK’s performance – but Europe-wide factors, such as high energy prices and high inflation, will have had an impact on the UK’s attractiveness too.
Meanwhile, France consolidated its position as Europe’s FDI leader, with total projects increasing by 3.0% from 1,222 to 1,259, breaking the European project record for a second consecutive year. Across Europe, project numbers increased by just 1.4%, from 5,877 in 2021 to 5,962 in 2022 – still 7% below 2019’s pre-pandemic total of 6,412. Third-placed Germany saw its fifth successive decline in projects, registering 832 in 2021, down 1.1% from 841 in 2022. Spain, in fourth, saw a 10.2% decline in projects (from 361 to 324).
The Gospel according to Ernst & Young : London is top overall.
-------------------------
www.gbnews.com/politics/brexit-news-uk-investment-london-since-2016
Brexit scaremongering proven WRONG as London seals highest investment in Europe
The City defies Brexit doom-mongers to retain top spot for foreign direct investment in Europe. The UK attracted the highest amount of inward direct investment in 2022, extending its lion’s share of the European market to more than a quarter.
Releasing figures sure to infuriate pro-EU activists, the annual Ernst & Young (EY) attractiveness survey found foreign investors flocked to the City to fund 46 financial services projects last year, up from 39 in 2021. By comparison, second place Paris enticed foreign investment for 35 finance proposals, sliding from 38 in 2021, while Madrid secured 22 foreign investment projects compared to 29 in 2021.
Overall, the UK attracted foreign investment to 76 financial services projects in 2022, a 17 per cent rise on the 63 projects in 2021. It puts clear blue water between the UK and France, which recorded 45 projects in total, down 15 on 2021 figures.
America was the biggest source of foreign investment in financial services in Europe last year, accounting for 21 of the UK’s 76 projects in 2022.
Financial services investment projects created 2,603 jobs in the UK last year, a rise of four per cent on 2021.
Across Europe, 10,700 new jobs were created in financial services, of which 1,700 were recorded in France.
------------------------------------
www.ey.com/en_uk/news/2023/05/foreign-direct-investment-uk-remains-second-in-europe-despite-a-fall-in-project-numbers#:~:text=The%20UK%20hosted%20929%20FDI,peak%20of%2021%25%20in%202015.
Foreign Direct Investment: UK remains second in Europe despite a fall in project numbers, new EY report reveals
The UK remains second in EY’s annual ranking of European countries by their ability to attract Foreign Direct Investment (FDI) projects, according to the EY 2023 UK Attractiveness Survey, despite activity falling in 2022
France held onto top spot for total project numbers for a fourth consecutive year, although the UK once again ranked highest in Europe for new projects and continued to deliver more total jobs and jobs per project than Germany and France – trends consistent with the UK’s pivot in strategy to focus on value over volume when attracting FDI.
The UK hosted 929 FDI-backed projects in 2022, down 6.4% from 2021 (993) and 4.7% down from the pandemic-affected 2020 (975). UK project numbers reached their record high in 2017 (1,205 projects). The UK’s 15.6% share of all European FDI projects in 2022 was down from 16.9% in 2021 and a peak of 21% in 2015.
A key factor in the UK’s overall decline in project numbers was a significant fall in digital technology, its leading sector for FDI. Tech projects declined by almost a quarter (23.3%), from 305 in 2021 to 234 in 2022, with the UK’s share of Europe’s digital projects falling from 29.2% in 2021 to 19.8% last year as Europe played catch-up to recent UK growth in this sector. Despite its fall in market share, the UK still led Europe for tech FDI.
Political uncertainty and the ongoing impact of Brexit on trade and investment will likely have played a part in the UK’s performance – but Europe-wide factors, such as high energy prices and high inflation, will have had an impact on the UK’s attractiveness too.
Meanwhile, France consolidated its position as Europe’s FDI leader, with total projects increasing by 3.0% from 1,222 to 1,259, breaking the European project record for a second consecutive year. Across Europe, project numbers increased by just 1.4%, from 5,877 in 2021 to 5,962 in 2022 – still 7% below 2019’s pre-pandemic total of 6,412. Third-placed Germany saw its fifth successive decline in projects, registering 832 in 2021, down 1.1% from 841 in 2022. Spain, in fourth, saw a 10.2% decline in projects (from 361 to 324).