11/04/2002

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)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

11 March 2020
100 Jobs At New Belfast FinTech Centre
Some 100 new jobs are to be created as an Atlanta-headquartered firm establishes a FinTech centre in Belfast. Risk management company Riskonnect is offering roles for local engineers and developers.
20 December 2001
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
14 August 2001
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
01 November 2018
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.