UK is still top place to invest

Britain is still the best place to be for international companies that want to invest within Europe according to the latest Ernst & Young European Attractiveness survey.

The report takes a close look at a large range of inward investment throughout Europe and found that for the eighth year the best place for foreign investors to be is the UK.

In 2009 the UK was able to attract the interest of 678 investment projects, which was able to in-turn create 20,017 jobs in the country which made up 16% of the European total.

France came in second place as the most attractive countries for investments in Europe with a total of 529 investment projects last year with Germany following in third place with 418.

Partner at Ernst & Young, James Close, stated that in the last 12 months the UK has proven that it is resilient making it an excellent economic safe hole.

Managing partner of UK and Ireland Ernst & Young, Scott Halliday, stated that London is a critical component of maintaining the UK’s top position as the best place to invest in within Europe.

London was took top place in the survey as the most popular city located in Europe for inward investment for the eighth year in a row beating out both Madrid and Paris.