According to EY’s latest UK Attractiveness Survey, the north-west region attracted 90 FDI (foreign direct investment) projects in 2016 – 60% of which were first time investments in the region from international investors.
Greater Manchester is at the hub of this FDI investment attracting 70 projects last year. Manchester topped the UK league tables as the city attracting most FDI outside of London with the majority of projects coming from Europe and North America.
Financial and business services dominated FDI in the region closely followed by manufacturing. Although London remained the UK’s primary location for FDI, the Northern Powerhouse and the Midlands Engine have attracted around double the number of FDI projects than they did 10 years ago.
Commenting on Manchester’s performance Time Newns, CEO of MIDAS, Manchester’s inward investment agency, said “Greater Manchester’s enviable access to talent is proving a significant asset. Four universities offering world-class higher education to over 100,000 stidents, plus a further 22 universities and higher education institutions within an hour’s drive, make the region a lure of large international companies.”You can read the full article here