
From the EY report on foreign direct investment (FDI) yesterday, the key findings are:
- A new record for FDI projects in 2017 for the third consecutive year with an increase of 7% compared to 2016
- Scotland secures its position as the most attractive location in the UK for R&D projects for a second consecutive year with an increase of 70% compared with 2016
- The digital sector experienced a 56% increase in FDI projects and was the second largest sector to attract investment into Scotland behind business services
- Manufacturing activity experienced a 25% increase of FDI in 2017 compared to 2016
- 2nd place ranking, behind London, as the most attractive place to invest in the UK
- FDI job creation increased by 104%, from 3,131 to 6,374
https://www.ey.com/uk/en/issues/business-environment/ey-scotland-attractiveness-survey-2018
This good news follows four reports in the last few days on the robust Scottish economy but somewhat neglected by our media:
and several other recent surveys telling a similar story:
Scottish business confidence higher than in any other region of UK
Scottish Government supports economy with new business rates unique in UK
Scottish business confidence soars above UK level as sales increase
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