Foreign investment secures Lancashire jobs

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Nearly 2,000 jobs have been secured in Lancashire thanks to foreign investments over the past year, according to the latest government statistics.

Annual investment figures from UK Trade & Investment (UKTI) for 2013/14 show that the UK attracted the most inward investment projects since records began in the 1980s – and 14 per cent more projects than last year.

A total of 27 projects were set up in Lancashire by foreign businesses, creating 456 jobs and safeguarding 1,364.

The figures are supported by external independent sources, such as EY, who have confirmed that the UK remains the number one destination in Europe for foreign direct investment projects.

The UKTI report also shows 66,390 new jobs were created, the highest since 2001. In total 1,773 investment projects were set up by foreign businesses in the UK during the 2013/14 financial year.

In Scotland, there were 122 projects creating or safeguarding 10,556 jobs. Since 2010, UKTI has recorded 6,172 inward investment projects which are estimated to have created over 220,000 jobs.

The announcement was made ahead of the Commonwealth Games Business Conference in Glasgow which will showcase to the world’s business and political leaders all that the UK has to offer.