A new report from financial services company EY has revealed that the West Midlands secured a record 111 overseas direct investment projects in 2016, with over 50% coming from the manufacturing sector.
The majority of investment in the West Midlands came from Europe, with 61 projects coming from European countries. On the whole, FDI in the West Midlands came from 26 different countries across the world with the US and Germany being at the forefront.
Birmingham continues to lead the way in the West Midlands, attracting 36 FDI projects, which is up from 24 in 2015.
Senior Partner at EY, Sara Fowler said: “ The implementation of the Midlands Engine Strategy should serve to attract more businesses and skilled people to the region which in turn will boost employment and productivity.”
Neil Rami, CEO of the West Midlands Growth Company, added: “As the only UK region to have two HS2 stations, the West Midlands also has an unrivalled plan for growth and connectivity that will help to boost the economy locally and across the UK.”You can read the full article here