Partner Article

Recession fails to deter foreign investment

The number of new foreign investments in British companies increased by 11% last year, despite the onset of the global economic downturn, according to figures released by UK Trade and Investment.

Businesses from 53 different countries - the largest variety ever in a single year - invested in UK firms in 2008, maintaining the UK’s position as Europe’s number one investment destination.

With office rates decreasing, the pound falling against the dollar and a wider talent pool than ever before immediately available due to job losses, foreign companies have seen the recession as a great time to invest in the UK.

“At a time when companies across the world are tightening their belts and focusing their investment in the sectors and countries where it will bring the most benefit, these results are testament to the fundamental strengths of the UK’s economy,” said Business Secretary Lord Mandelson.

This was posted in Bdaily's Members' News section by Ruth Mitchell .