Foreign direct investment grew by 6% in Scotland last year, despite falling across the UK and Europe.
The rise in projects within a shrinking UK marketplace saw Scotland’s share of all UK projects increase from 9.1% in 2019 to 11% in 2020.
This FDI led to the creation of 4,499 jobs, 16.1% of the UK total, almost double our population share.
The EY survey revealed Scotland to be the most appealing part of the UK outside of London for foreign direct investment (FDI) projects.
Edinburgh topped the list of most attractive FDI cities outside London, with Glasgow and Aberdeen also making the top 10.
Across the 12 nations and regions of the UK, Scotland has been the location with the second highest number of overseas-backed projects - after London - in every year since 2014.
Kenneth Gibson MSP said:
“This survey highlights the success that Scotland has had in promoting foreign direct investment and signals huge confidence in Scotland as an investment destination. "The SNP Government continues to be committed to ensuring that Scotland’s international image and appeal continue to grow, targeting more investment and more jobs by continuing to be an outward looking, creative and innovative nation.
“We enjoy resources few nations can match, including one of the most highly-educated workforces in Europe, natural resources, a varied economy and a long-standing reputation for innovation - all of which demonstrate that an independent Scotland has got what it takes to build a thriving economy – once again disproving claims by other parties.”
ENDS