Scotland leads Europe in FDI job creation
29 June 2011
Scotland leads Europe in the creation of jobs through foreign direct investment (FDI).
Professional services firm Ernst & Young's latest UK Attractiveness Survey shows a 35 percent increase in FDI projects in Scotland compared to 2010, with 69 projects creating over 4000 new jobs.
Scotland is now attracting FDI jobs at levels not seen since the start of the global recession and is outperforming both the rest of the UK and the rest of Europe.
Significant Scottish success stories include 700 new jobs in Erskine, as part of Hewlett-Packard's Scottish presence, and Loch Ryan's new Stena Line ferry port, which delivered 400 jobs.
London was the only UK region to attract a higher number of projects than Scotland but the 289 projects in the London area created fewer jobs.
The UK as whole remains ahead of the rest of Europe as a top destination for FDI with Scotland now returning figures that match those delivered in the two years before the recession hit.
A spokesperson for Scottish Development International said: “Scottish Development International continues to work with investors around the world to promote Scotland and all that it has to offer as an attractive place to live, work and do business.”
Find out why Scotland is such an attraction business location