Record UK Inward Investment & Eastern Region is Benefiting

Business Secretary John Hutton and Lord Digby Jones have this week (3 July) announced record UK inward investment results for the period 2007-8.

The publication of the ‘UK Inward Investment 2007/8 – Report by UKTI,’ shows that 1,573 investment projects were won by the UK last year, in a fifth consecutive year of inward investment growth.

The figures show:

o       45,051 new jobs created; a 23% increase on 2006/2007

o       58,488 safeguarded jobs; a 39% increase on 2006/2007 

o       A total of 103,539 associated jobs (new & safeguarded); up 32% on 2006/2007   

Tony Wright has welcomed the news given that a significant slice of it has come into the Eastern region.

Tony said: “Amid all the economic doom and gloom this goes to show the UK is still a desirable place to do business.

The Eastern region has particularly benefited from this investment with 108 projects locating here bringing with them a total of 6,383 new jobs. This is great news”.   

The full UK Inward Investment Report 2007-8 is available at: www.ukinvest.gov.uk/investment-report