£109 million investment to create 359 jobs in UK
The eleven separate foreign investments are expected to create 359 jobs across the UK – in London, Leeds, Newcastle and Reading.
These investments – several of which have originated from growing Latin American and Asian markets, including Brazil, Argentina and India – are set to have major benefits for British consumers and businesses.
The investment wins are the result of the Department for International Trade’s work across its extensive network of more than 100 countries, demonstrating to potential foreign investors why the UK continues to be the best place to build a business.
As well as one of the G20’s lowest corporate tax rates, DIT provides businesses with assistance in growing a UK-based workforce, with insights into specific UK sector markets, and much more at invest.great.gov.uk.
International Trade Secretary, Dr Liam Fox said: "It’s easy to see why the UK is Europe’s top destination for foreign direct investment. Our country is home to world leading research and development capability, as well as a culture of innovation.
"My international economic department has a network of Trade Commissioners operating across the world, seeking investment opportunities that will help create jobs and improve the lives of people in the UK.
"As we celebrate the Lord Mayor’s parade, today’s announcement is further evidence that the UK is one of the most attractive places in the world to invest and demonstrates a vote of confidence in our economy and our people." ■