Foreign direct investment flows into Britain increased in 2012/13, bucking a trend of declining global growth in cross-border investment spending.
In the previous financial year, the UK secured 1,559 projects funded by foreign investors, 11 per cent more than in 2011/12. Globally, cross-border investment is estimated to have fallen by some 18 per cent in the year.
The figures are contained in the UK Trade & Investment’s annual report published today. The trade promotion body estimates that these projects secured 110,000 existing jobs and created 60,000 new ones.
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