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Region one of the most successful for attracting new foreign investment

Press Release   •   Aug 08, 2013 09:20 BST

Figures released by UK Trade & Investment, the government department that supports investors, show that East Staffordshire is part one of the most successful regions for attracting foreign investment to the UK.

The area, defined by the geography of the Greater Birmingham and Solihull Local Enterprise Partnership region, topped the national league for new job creation.  A total of 2304 new jobs were welcomed in the last financial year, out-performing every other LEP area in the country. When jobs safeguarded are included alongside new jobs created, foreign investment directly supported over 5,000 jobs in the area last year.

The Greater Birmingham and Solihull (LEP) area attracted 49 investment projects in 2012-13, almost double the 26 that came to the area the year before. This places it in the top three UK regions for attracting foreign investment.

Councillor Richard Grosvenor, Leader of the Council, said: “This is excellent news for the region. The figures released show that foreign investors are attracted to the Greater Birmingham and Solihull area, providing even more job opportunities to the residents of East Staffordshire.

“As both a board director of the GBSLEP and Leader of ESBC, I’m delighted to see that the LEP is outperforming every other region in the country in creating new jobs and safeguarding existing jobs.”

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