UK new investment projects fall

The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures.

Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377. This compared to the likes of France with a 25 per cent fall in projects and Ireland, with an even larger 46 per cent decline.

In 2001 there were 733 new investment projects into Europe from the US, a 26 per cent decline from 985 in 2000. US market share also fell from 44 per cent in 2000, to 37 per cent in 2001.

However, investment projects in the manufacturing held up well across Europe in 2001 with a decline of only three per cent, reflecting the fact that most investment was either intra-EU and from the Far East.

France was the market leader with 16 per cent of all manufacturing projects and the UK second place with 12 per cent. However both actually experienced a decline in projects between 2000 and 2001, 35 and 36 respectively. Other countries to experience a fall in manufacturing projects included Ireland (54 per cent), Belgium (48 per cent) and Poland (43 per cent). Successful countries included Germany, Hungary, Portugal, Romania and Russia. (MB)

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