The UK remains a top destination for investment, with new figures showing that inward stock is at the highest level
The UK remains a top destination for investment, with new figures showing that inward stock is at the highest level since records began.
Latest figures from the Office for National Statistics (ONS) show stocks from across Asia have increased by more than 33% in 2017 to £128 billion and stocks from Japan increased by 71% to £78 billion. The greatest growth from any country has come from Indian investors, rising 321% to £8 billion.
The figures show that investors have maintained confidence in the UK as an investment destination, with the value of the UK’s FDI stocks as a whole increasing by £12.6% to £1,337 billion in 2017 when compared with the previous year. The UK’s world-leading financial services sector attracted more FDI than any other industry, accounting for 28.8% of total inward investment, accumulating over £385 billion by the end of 2017.
And the UK’s largest investor, the US, also showed a significant increase in FDI stocks, increasing by 19.5% to £351 billion.
International Trade Secretary and President of the Board of Trade, Dr. Liam Fox MP, said as the UK prepares to leave the European Union, foreign investors from around the globe are as confident as ever investing in the UK. The significant rise in the amount of investment from Asia is evidence that the growing economies are important partners for the UK, relationships which he is committed to developing and deepening.
Fox said Foreign Direct Investment has an overwhelmingly positive and transformative effect on the UK economy, bringing jobs, prosperity and growth. His international economic department is focused on ensuring that the effects are felt in every part of the country.
Figures also show that the UK’s world-leading financial services sector attracted more FDI than any other industry, accounting for 28.8% of total inward investment, accumulating over £385 billion by the end of 2017.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.