Israel is among top 20 countries investing in the UK

Director of UK Trade & Investment at the British Embassy in Tel Aviv "delighted."

By SHARON WROBEL
July 15, 2010 11:00
1 minute read.
Israel is among top 20 countries investing in the UK

investment. (photo credit: )

Israel has maintained its ranking among the top 20 countries investing in the UK, according to the UK Trade & Investment’s annual Foreign Direct Investment report published on Wednesday.

“I am delighted that for the second year running, Israel has improved its standing among the top 20 investing countries in the UK, having overtaken Belgium and Hong Kong,” said Richard Salt, director of UK Trade & Investment at the British Embassy in Tel Aviv. “I encourage more Israeli companies to act now to benefit from the huge investment opportunities on offer in the UK. I and my team at UK Trade & Investment based at the British Embassy, Tel Aviv, will do our utmost to help those companies to succeed.”

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Israel moved to number 19 in the 2009/2010 ranking of the countries with the highest number of projects invested in the UK from number 20 in the year before.

The USA remains the number one source of investment in terms of the number of projects, which amounted to 484, followed by Japan with 107 projects, France with 99 projects, and India with 92 projects.

On a global level, UK Trade & Investment helped to attract a record number of 759 projects in 2009, a 26 percent increase on the previous year. The UK received investments from 54 countries around the world last year, up from 53 the year before.

Sector by sector analysis showed that the majority of projects were related to software and computer services, advanced engineering, and life sciences industries.

Speaking at the UK Trade & Investment Business Summit, UK Prime Minister David Cameron said that the Coalition Government is committed to helping the world’s best companies thrive and grow in the UK, and is putting policy towards inward investors at the heart of the country’s economic strategy.

“Attracting and retaining inward investment is hugely important for our economic recovery,” said Cameron. “We are determined to deliver the pro-business environment investors need; getting the deficit down to create certainty and stability, cutting business taxes, delivering flexible employment and cutting red tape and regulation.”


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