Published: 8th Oct 2019

The UK’s largest cities still receive the ‘lion’s share’ of foreign investment coming into the country, while smaller towns get left behind, according to a new study. The report by consultants EY and the Centre for Towns think tank reveals almost two thirds (59%) of all Foreign Direct Investment (FDI) went to the UK’s 12 core cities in 2018 compared to less than a third (31%) in 1997. According to the report, London has been the primary beneficiary of FDI projects secured by the Core Cities but Bristol, Edinburgh, Leeds, Manchester and Newcastle Upon Tyne all more than doubled the number of projects between 1997 and 2017. Nevertheless, London’s 5,875 projects over that time period dwarfs the 419 secured by second placed Manchester. This trend continued in 2018, with London accounting for 457 (73%) of the total of 624 FDI projects secured last year. But researchers also found that towns with … (To read the full article, subscribe below)