Birmingham driving service sector boom Markets Birmingham has been at the front of a “service sector boom”, according to new research from Oxford Economics, helping to drive job creation across the wider region. The West Midlands combined authority (WMCA), which contains Britain’s second city, saw gross value added (GVA) in the services sector rise by an average of 4.2 per cent [...]
UK dominates European investment appeal despite drop in activity Economics The UK has continued to storm ahead of its European rivals as the region’s most attractive destination for financial services investment, despite a sharp drop in activity. The UK recorded 73 foreign direct investment (FDI) projects in 2024, a steep 32 per cent drop from 108 the previous year, according to EY’s latest Attractiveness Survey for [...]
Booming Birmingham is a model for growth Richard Parker While most regions are witnessing declining growth, the West Midlands is bucking the trend, with Birmingham smashing records for attracting FDI, says mayor Richard Parker Today, the new Government will use the King’s Speech to put economic renewal at the heart of its legislative agenda and commit to hand power back to local leaders. There [...]
Overseas investment in West Midlands soars but other regions lag behind July 11, 2024 The West Midlands recorded a 72 per cent increase in overseas investment projects last year, creating almost 7,000 jobs.
Foreign investment edges down as both parties pitch Britain as global hub June 27, 2024 Figures released by the Department of Business and Trade (DBT) showed that there were 1,555 overseas investment projects in the UK in the 2024 fiscal year.
Don’t let Labour put FDI at risk May 8, 2024 A Labour government would threaten London’s position as Europe’s top destination for FDI. Only one part knows how to create an attractive regulatory and investment environment, says Lord Johnson One of this Government’s most important missions is to drive innovation and growth by attracting a continuous stream of high quality, global investment. As the Minister [...]
Booming tech sector helps London reclaim crown as Europe’s FDI capital May 2, 2024 London returned to its top spot as Europe's most important destination for foreign direct investment (FDI), new figures show.