Glasgow 5th in the UK for overseas investment | Glasgow Chamber of Commerce
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Glasgow 5th in the UK for overseas investment

Glasgow has been ranked fifth in the UK for attracting Foreign Direct Investment (FDI) after a 27% increase in the number of such projects in 2016.

Scotland overall won a record number of investments from overseas last year, with 122 deals, up from 119 in 2015. The EY survey found that Scotland, for he fifth year in a row, was the second most popular part of the UK to invest in behind London.

Edinburgh and Aberdeen also made it into the UK’s top 10 for attracting FDI in 2016, coming in at sixth and seventh place respectively.

Scottish Economy Secretary Keith Brown said: "For the second year in a row we have attracted more projects than ever before - with 2016 up 2.5% on 2015's previous record - and Scotland has been the top UK region outside London in every one of the past five years.

"We enjoy resources few nations can match, including one of the most highly-educated workforces in Europe, a long-standing reputation for innovation and an internationally-regarded brand.

"Today's attractiveness survey indicates these assets continue to be recognised on the world stage, with a substantial number of projects from the US, France and Germany.

"In fact, more than one in 50 of the investment projects across the whole of Europe are located in Scotland."

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