INSIGHTS
COMMUNITY ARTICLE
In Transition
According to this report by EY, only 30 per cent of investors across Europe said they were likely to move assets out of the UK as a result of Brexit.
Key points include:
- On the surface, the UK’s FDI performance in 2017 was solid. The UK attracted 6 percent more FDI projects compared with 2016, and retained its place as Europe’s number one destination.
- However, with the European market for FDI growing by ten percent, the UK lost ground, with its market share of all FDI projects secured in Europe falling from 19 percent to 18 percent, having been at 21 percent as recently as 2015.
- The evidence supports claims of the emergence of a “Macron effect” as projects into France increased by 31 percent from 779 to 1,019 and France moved above the UK to be ranked second,behind Germany, in investor perceptions of European country attractiveness.
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The UK also remained the leading recipient of FDI-related employment in Europe, creating an estimated 50,196 jobs, a six percent increase over 2016 and over 19,000 more thansecond-placed Germany.
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