The UK was home to 15.6 per cent, or 929, of all European foreign direct investment (FDI) projects last year, down from 16.9 per cent in 2021, according to consultancy EY.
Experts have today partially blamed post-Brexit uncertainty for helping France pip the UK to Europe’s investment hub crown for the second year in a row.
Last year’s relatively weaker investment figures are down from the UK bagging more than one in every five European foreign investment projects in 2015 – the year before the Brexit referendum.
Investment projects in France climbed from 1,222 to 1,259 in 2022, breaking the European record for the second straight year.
A near 25 per cent drop in the number of UK tech projects financed by foreign investors helped drive overall project volumes lower.
Despite Britain losing a chunk of Europe’s capital flows, it is becoming an increasingly attractive prospect for international investors to park their cash....
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