Record number of jobs attracted to the West of England
New figures published today show a record number of new jobs being attracted to the West of England.
The news comes off the back of the recent government figures released this week by the Department for International Trade (formerly UKTI) who recorded over 2,200 inward investment successes, an increase of 11% from the previous year.
In total, 1,807 new jobs were created in the region in 2015/16 – with 1,400 being attracted from foreign investment – beating the region’s annual target for job creation of 950 and last year’s figure of 886.
Data from government shows that the UK is still the most popular destination in the European Union for overseas firms, with the US being the biggest source of inward investment for both the UK and the West of England.
Matt Cross, Head of Inward Investment at Invest Bristol & Bath who were responsible for attracting over two thirds of the companies said “Results show that the West of England continues to be the place to do business – we have broadened our reach with world markets to cement our position as a leading destination in the UK for investment.”
“All in all, the conversations we are having with companies looking to invest in the region could result in the creation of an additional 6,000 new jobs over the coming years.”