º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

Greater Birmingham leads the way for foreign investment

More than 6,000 jobs created or safeguarded in the region on the back of 73 investment from overseas firms

Birmingham and the wider local region remains an attractive destination for foreign investment

More than 6,000 jobs have been created or safeguarded in the region over the past year as a result of foreign investment.

New figures released today show the Greater Birmingham area welcomed more foreign direct investment (FDI) than another local enterprise partnership (LEP) zone in the country -

During the 2014/15 financial year, the Greater Birmingham and Solihull LEP (GBSLEP) area attracted 73 new FDI projects, nine per cent more than the next highest LEP, with investors including Jaguar Land Rover, KPMG and Amazon.

This investment created and safeguarded a total of 6,104 jobs, nearly 1,800 more than any other º£½ÇÊÓÆµ LEP.

This comprised 4,739 new jobs - 1,634 higher than the second ranked LEP - and 1,365 safeguarded roles.

US firms were the most prominent investors, accounting for 22 per cent of all projects, according to the new data from º£½ÇÊÓÆµ Trade and Investment.

Hydraulics manufacturer HydraForce, which and Virgin Media, which were among the biggest investments.

While Birmingham was responsible for two-thirds of all projects with a record high of 48, Solihull attracted a 15 per cent share with 11 investments including IT firm Pomeroy and further expansion at automotive manufacturer