World

UK tops investment target league

by glenajess | June 3, 2009 at 11:29 pm

81 views | 10 Recommendations | 2 comments

Inward investment is the injection of money from an external source into a region, in order to purchase capital goods for a branch of a corporation to locate or develop its presence in the region.

Britain has consolidated its position as the most attractive destination for inward investment in Europe, figures from accountants Ernst & Young revealed.

Andrew Cahn, chief executive of UK Trade Investment, said: "UK companies are also making huge in-roads into overseas markets including Europe."

The UK retained its position last year as the most attractive destination in Europe for firms looking to invest in operations overseas.

But the Country Attractiveness Survey from Ernst & Young found the number of jobs created fell 16% from 2007.

However, the number of projects being undertaken was steady.

The report's authors suggested that was because investment decisions for 2008 would mainly have been taken before the recession got underway.

"The true picture of how the global recession has hit inward investment has yet to emerge," said Marc Lhermitte at Ernst & Young.

"We expect 2009 to tell a very different story."

The number of projects announced for European countries in the first three months of 2009 was down 8% from the same period last year.

France, Germany and Spain made up the rest of the top four in the rankings.

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon

recommend This comment thread is now closed

SamirJ

at 23:34 on June 3rd, 2009

Considering that UK has been worst hit by the recession, this is some good news. Hopefully sign of good things to come.

Didier Grossemy (not verified)

at 03:49 on June 4th, 2009

Didier Grossemy help you Boost your Business

Didier Grossemy - 5 Ways To Boost Your Business

Didier Grossemy says, its a fairly obvious that you can give away your customer transactions by simply reducing your prices or you can add value and increase the final transaction. Which way would you go? You have just uncovered another core strategy to true business success...Didier Grossemy says if you can make more money from each customer contact, you will push your profits and vastly increase your potential for success, and beyond! This, of course, is not a new idea from Didier Grossemy and usually when it is trotted out, it comes with suggestions to try up-selling and cross-selling to get customers to buy more...you've been "super-sized" before haven't you (well maybe not you, but you know someone who has)? So while cross and up-selling are essential, Didier Grossemy gives you access to 5 often over-looked strategies.