Foreign money helps create 648 new jobs in the region

Matthew Cross

Matthew Cross

Inward investment agency, Invest Bristol & Bath says it helped to clinch 27 successful foreign direct investment (FDI) projects in the West of England region in 2013/14, creating 648 new jobs.

On top of this, Invest Bristol & Bath also says it helped to safeguard an additional 200 jobs via these projects.

Seven FDI successes came from the United States, four from Germany and three from Spain and Singapore.

The rest of the FDI projects came from Japan, India, Turkey, Australia and France.

Since Invest Bristol & Bath’s inception, the number of jobs created via foreign direct investment in the West of England has increased by more than 450 per cent – from 161 jobs in 2011/12 to 648 this year.

In 2011/12, just eight foreign direct investment projects were secured in the West of England.

Matthew Cross, head of inward investment at Invest Bristol & Bath, comments: “We are delighted that we have made a substantial impact to the overall national figures for foreign direct investment during our first year of operation, helping the UK to achieve record results.

“Our strategy is focused on attracting new investment that creates jobs in the Bristol and Bath region.

“We work closely with industry experts to gather important insights so that we can generate rich investment propositions targeted at the most appropriate investors.

“This approach has been critical in our recent success in attracting so much high quality investment to the region.

“We are very pleased with our achievements to date and are well positioned to make further progress as the economy and our capability improve.

“It is clear we are now making a meaningful impact on the national foreign direct investment picture.”