Edinburgh ranked top Scottish city for FDI

Published: 13 June 2018

Scotland attracted record levels of foreign investment last year and outstripped the wider UK performance, according to figures published today.

The nation saw a 7 per cent increase in the number of Foreign Direct Investment (FDI) projects secured, the third year running of growth, EY’s latest Scotland Attractiveness Survey reveals.

Analysis of FDI projects ­during 2017 shows that Edinburgh was top performing Scottish city in the UK, while Glasgow and Aberdeen took sixth and eighth place.

The rise took the total number of FDI projects into Scotland, including setting up business operations or acquiring business assets, up to 116 from 108 in 2016. The total number of jobs secured as a result of FDI into Scotland more than doubled from 3,131 in 2016 to 6,374 in 2017.

The figure is the highest number of FDI jobs created in Scotland in any year in the past decade which EY said was due to a shift towards more large scale projects.

10 projects created 200 jobs or more while there were just six projects that resulted in more than 100 jobs the year before. The UK as a whole saw an FDI rise of 6 per cent and Scotland’s higher increase saw its share of UK FDI projects increase to 9.6 per cent in 2017.

For the second consecutive year Scotland was as the UK’s leading destination for R&D FDI with 22 projects representing a 70 per cent increase from 2016 and accounting for the lion’s share 24 per cent of all UK R&D investments...

Full story via Scotsman news

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