Foreign firms in investment high

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The UK has attracted the most inward investment projects since records began in the 1980s.

Annual figures from UK Trade & Investment for 2013/14 show the UK attracted 14 per cent more projects than last year.

It also shows 66,390 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.

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 tomorrow which will showcase to the world’s business and political leaders all that the UK has to offer.

Prime Minister David Cameron welcomed the announcement. He said: “Part of our long-term economic plan for the UK is about promoting every part of our country to the world and Glasgow’s Commonwealth Games will give us another fantastic platform to do this.

“This Government will work on behalf of every hardworking business.”