Press release: Inward investment brings 1,500 new jobs a week to the UK

first_img Wales attracted 57 projects with 3,107 new jobs created in Scotland 4,148 jobs were created as a result of 141 projects Northern Ireland secured 28 projects, which created a total of 1,251 jobs the Northern Powerhouse attracted 315 projects, creating 10, 691 new jobs the Midlands Engine attracted 243 projects which resulted in 13,138 new jobs being created in the South, 487 FDI projects created 11,126 new jobs in London, there were 740 new projects, resulting in 17,478 new jobs Figures from the Department for International Trade published today (Tuesday 26 June) show 2,072 projects recorded, 75,968 new jobs were created and that 15,063 were safeguarded, amounting to nearly 1,500 new jobs per week across the country.Overall the UK remained the number one destination for inward investment in Europe, with the wholesale, food and drink, electronics, and infrastructure sectors all seeing an increase in the number of new jobs.International Trade Secretary Dr Liam Fox said: The increase in new jobs result from investment from across the whole globe, with jobs from German investment up by over 60%, increasing to 9,357. New jobs from Indian investments increased from 3,999 to 5,659 and from US investment, jobs surged to 26,570 – an 8% increase on the previous year.Looking across the UK, inward investment continues to spread to the regions and nations: The department records wider types of inward investment projects including mergers and acquisitions and those that are not publicly announced by foreign investors. Therefore, the FDI projects figures reported are different from those reported by external organisations, such as EY and FT, who track FDI project flows mostly based on investment announcements.These external organisations report on calendar year, while the department’s statistics are for financial year. Two years since the EU referendum, the UK has record employment and seen an increase in new jobs as a result of inward investment. We remain the top destination in Europe and third in the world for foreign direct investment. As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination, with an open, liberal economy, world-class talent and business-friendly environment. the full DIT statistical release EY’s UK Attractiveness Survey 2018 which ranked the UK first for FDI in Europe BackgroundRead:last_img read more

‘Bake Off’ effect hits Manchester

first_imgGreater Manchester has seen a 27% rise in specialist bakeries since The Great British Bake Off series first aired in 2010, according to the Office for National Statistics.In 2010, there were 315 shops in Greater Manchester that specialised in selling baked goods. However, the figures revealed that there has been a rise to 400 shops.Although the number of bakery manufacturers has fallen slightly in this time, from 165 to 145, it seems as though Greater Manchester is relishing the baking industry.The UK as a whole has seen both the number of businesses manufacturing and selling baked goods rise significantly since The Great British Bake Off started.Back in 2010 there were 2,810 baked goods manufacturers and 6,810 specialised retailers, but this rose to 3,030 manufacturers and 7,755 retailers last year.The seventh series of The Great British Bake Off will be broadcast on BBC One from 8pm on Wednesday 24 August.last_img read more