According to newly released research by AT Kearney, the UK is the most attractive destination in the whole of Europe when it comes to foreign direct investment. It also ranked fourth globally.
This strong showing is attributed to the great performance of the UK financial services industry, a fast growing software industry and strong research and development capacities that foreign investors are attracted to.
The UK, being one of the world’s top financial centres, ranked high among banking, insurance and financial firms. Insurers, on the other hand, ranked the UK as their second most attractive FDI location in the world. Bankers ranked it third.
Company formation and business solutions experts are optimistic that with a stronger entry of FDI, it will create a healthy competition with locally owned businesses that would make the business environment in the country more competitive.