Study reveals Scotland tops foreign investment league


The SNP has welcomed a report showing Scotland has topped a table for attracting foreign companies to invest – ahead of every other region in the UK outside London.
Cardiff Business School Study says Scotland attracted an average of nine per cent of new UK inward investment projects between 2005-10, far above the 6.8% of North West England ranked in second position.

Stuart McMillan, SNP MSP for West Scotland and member of the Scottish Parliament’s Economy, Energy and Tourism Committee, said:
“This is a fantastic report that shows Scotland has and continues to attract foreign companies to invest in our country.  Topping the list underlines that fact that Scotland is an attractive place to do business.
“This report comes on the back of Samsung Heavy Industries announcing yesterday it was investing in a £100m offshore wind project, creating 500 jobs in Fife.
“Scotland is recognised worldwide as a front runner in the renewables industry – and it is clear from the Cambridge report other businesses share the view that companies benefit by setting up in Scotland.
“There is a lot of interest in this country and this report lays bare the scaremongering by the anti-independence parties that the question of Scotland’s constitutional future is creating uncertainty for businesses.”