Foreign investment secures nearly 2,000 jobs in Lancashire

Nearly 2,000 jobs have been secured in Lancashire thanks to foreign investments over the past year, according to the latest government statistics.

A total of 27 projects were set up in Lancashire by foreign businesses, creating 456 jobs and safeguarding 1,364.

The UKTI report also shows 66,390 new 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.

The report shows that the benefits are spread throughout the UK with England, Scotland, Wales, Northern Ireland and London all recording increases in the number of new investment projects and jobs.

The USA led the way as the largest source of FDI projects for the UK, generating 501 projects, up 27%. The top Commonwealth country for FDI is Canada. Canadian investment reached new heights in 2013/14, with 89 projects, up an encouraging 41%.