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No Brexit slowdown from overseas

9% rise in job creation from foreign investment

First Minister at Xilinx

First Minister at the opening of US firm Xilinx’s lab in Edinburgh


 

Inward investment into Scotland in 2017 produced 9% more jobs than in the previous year as the Brexit uncertainty shows little sign of eroding confidence among foreign investors.

There were 126 foreign direct investment (FDI) projects generating 8,516 jobs for Scotland, said Scottish Development International (SDI) .

Among the jobs created, 3,362 are high value jobs, with salaries around 20% higher than the Scottish average.  Forty investors were new to Scotland while Europe, the Middle East and Africa was the biggest source of projects and jobs.

Technology and advanced engineering, tourism and life sciences were the biggest contributors for projects by sector.

Most jobs were created by technology and advanced engineering, financial & business services and food & drink.

Among the projects were SThree’s new Centre of Excellence to Glasgow, creating 314 jobs, and Australian Fintech company Computershare’s Technology Centre to Edinburgh with the creation of 300 roles.

Neil Francis, operations director of SDI, said: “Just recently, the EY Attractiveness survey highlighted a record year for Scotland in attracting inward investment during 2017, and now our own results back this up.”

Minister for trade, investment and innovation, Mr Ivan McKee added: “Investors are attracted to Scotland for many reasons. Access to a skilled and educated workforce, a supportive business environment and competitive tax rates and property and salary costs all play a crucial role – as does the bespoke support provided through our public sector bodies.

“It adds up to an attractive package that not only secures new investment in Scotland, but helps to retain and grow our existing investors.”



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