Saturday, June 19, 2021

Leeds named among top UK locations for international investment

Leeds has been named among the top UK locations for international investment.

Professional services firm EY’s latest ‘UK Attractiveness Survey’ shows Leeds was the seventh best performing place in the country for foreign direct investment (FDI) projects during 2020.

The survey identifies a total of 16 FDI projects secured by the city over the course of the year, despite the economic pressures caused by the COVID-19 pandemic.

EY’s report – which includes analysis of 570 international investors’ perceptions of the UK as a destination for FDI – also pinpoints digital technology as a sector with “significant growth potential” for Yorkshire as a whole.

“These are encouraging findings and ones that I am sure will be welcomed by all those working hard to secure the kind of investment that will bring new employment and skills opportunities for people across Leeds,” said Councillor James Lewis, leader of Leeds City Council.

“COVID-19 has clearly had a major impact on the economies of big cities like ours but the future here is looking bright, thanks in part to high-profile projects such as the new Leeds-based hubs being planned by the Bank of England and the Department for Transport.

“We were also delighted to be named earlier this year as the location of the country’s first-ever infrastructure bank, which will invest in public and private projects across the UK.

“Work on the City Square House development – which will be home to global law firm DLA Piper – is another notable vote of confidence for Leeds, along with the sizeable investment commitments made by the likes of Channel 4, Sky and Burberry at other local sites.

“It’s also pleasing to see digital technology and health and wellbeing picked out in the report as growth areas for the UK, given the strong position Leeds already occupies in these two sectors.”

Leeds’s total of 16 FDI projects accounts for nearly a third of all those secured across Yorkshire and the Humber in 2020.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.