Menu
26/07/2012
Jobs Boost As UK Attracts Increased Overseas Investment
Strong inward investment into the UK economy created or secured more than 112,000 jobs in 2011/12, a rise of 19 per cent on the preceding year, new figures showed today.
The figures announced by Business Secretary Vince Cable indicate that companies investing in the UK are continuing to succeed, laying the foundations for growth across the country. Inward investment created 52,741 new jobs, a 26% increase on 2010/11, and secured 59,918 existing jobs, an increase of 14%.
The UK continues to attract more foreign direct investment (FDI) than any other European country, generating more than a thousand new jobs each week.
Jobs have increased across a range of sectors, including advanced engineering, life sciences, environmental technologies and the creative industries. A 22 per cent rise in manufacturing projects shows the crucial role of inward investment in helping rebalance the economy.
Mr Cable said: "These figures are a clear demonstration that international investors have confidence in the UK. Despite a difficult international economic climate, more jobs have been created and secured than in any year for over a decade.
"Openness to investment is crucial for sustainable economic growth, and the Government has worked hard to ensure UK remains attractive to companies around the globe. A reduced and simplified tax burden and a clear headed approach to rebalancing the economy have helped maintain our position as the top destination in Europe in which to do business.
"The bottom line is that firms of all sizes believe that if they come to the UK, they will grow and succeed."
(CD)
The figures announced by Business Secretary Vince Cable indicate that companies investing in the UK are continuing to succeed, laying the foundations for growth across the country. Inward investment created 52,741 new jobs, a 26% increase on 2010/11, and secured 59,918 existing jobs, an increase of 14%.
The UK continues to attract more foreign direct investment (FDI) than any other European country, generating more than a thousand new jobs each week.
Jobs have increased across a range of sectors, including advanced engineering, life sciences, environmental technologies and the creative industries. A 22 per cent rise in manufacturing projects shows the crucial role of inward investment in helping rebalance the economy.
Mr Cable said: "These figures are a clear demonstration that international investors have confidence in the UK. Despite a difficult international economic climate, more jobs have been created and secured than in any year for over a decade.
"Openness to investment is crucial for sustainable economic growth, and the Government has worked hard to ensure UK remains attractive to companies around the globe. A reduced and simplified tax burden and a clear headed approach to rebalancing the economy have helped maintain our position as the top destination in Europe in which to do business.
"The bottom line is that firms of all sizes believe that if they come to the UK, they will grow and succeed."
(CD)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
10 December 2012
IT Firm Creates 100 New Jobs
Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today announced that Mandiant, a specialist provider of IT security solutions is to establish an engineering and security operations centre in Dublin with the creation of 100 new jobs.
IT Firm Creates 100 New Jobs
Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today announced that Mandiant, a specialist provider of IT security solutions is to establish an engineering and security operations centre in Dublin with the creation of 100 new jobs.
08 May 2013
640 Jobs Saved In B&Q
With over 640 jobs saved in B&Q, and a further 137 jobs saved in Pamela Scott, Deputy Eamonn Maloney TD has said that it was a good day for job retention, particularly in Tallaght, where 90 jobs approximately were saved.
640 Jobs Saved In B&Q
With over 640 jobs saved in B&Q, and a further 137 jobs saved in Pamela Scott, Deputy Eamonn Maloney TD has said that it was a good day for job retention, particularly in Tallaght, where 90 jobs approximately were saved.
11 February 2015
Tralee To Benefit From Capital Investment Programme
Labour party TD Arthur J Spring has welcomed the Government's announcement of its five-year Action Plan for Jobs regional strategy, which will accelerate the jobs recovery in all parts of the country.
Tralee To Benefit From Capital Investment Programme
Labour party TD Arthur J Spring has welcomed the Government's announcement of its five-year Action Plan for Jobs regional strategy, which will accelerate the jobs recovery in all parts of the country.
12 November 2015
220 Jobs To Be Axed At Potash Mine In Boulby
220 jobs are to be axed at the potash mine in Boulby, near Middlesbrough, Unite the union which has about 800 members at the UK's deepest mine, said this was more disastrous news for the regional economy, following hard on the heels of the announcement by SSI Redcar that it was to axe about 2,200 jobs at Redcar.
220 Jobs To Be Axed At Potash Mine In Boulby
220 jobs are to be axed at the potash mine in Boulby, near Middlesbrough, Unite the union which has about 800 members at the UK's deepest mine, said this was more disastrous news for the regional economy, following hard on the heels of the announcement by SSI Redcar that it was to axe about 2,200 jobs at Redcar.
14 December 2015
265 New Jobs Announced In Athlone And Galway
A total of 265 new jobs have been announced for Athlone and Galway. In Athlone, DPD Ireland will create 200 new jobs over the next five years, with 70 of the vacancies expected to be filled before Christmas. The new jobs are part of a €13m investment, which will see the company double the size of its sorting facility.
265 New Jobs Announced In Athlone And Galway
A total of 265 new jobs have been announced for Athlone and Galway. In Athlone, DPD Ireland will create 200 new jobs over the next five years, with 70 of the vacancies expected to be filled before Christmas. The new jobs are part of a €13m investment, which will see the company double the size of its sorting facility.
-
Northern Ireland WeatherToday:A cloudy morning with some outbreaks of rain, some on the heavy side. Then turning brighter in afternoon with sunny intervals and more isolated showers. Fresh southeatserly winds. Maximum temperature 14 °C.Tonight:A dry evening with some sunshine to end the day, then staying dry overnight with some clear periods. Winds easing. Minimum temperature 6 °C.
