Scotland has reached its highest-ever level of attractiveness for investment and bolstered its position as the UK’s most desirable foreign direct investment (FDI) location outside London, according to a new report published this morning.
The figures show Scotland secured 107 investments during the year, 6% more than in 2019. At the same time, UK FDI projects fell 12% to 975 – and European FDI projects fell by 13% to 5,578.
After three consecutive years of decline, new projects in Scotland (as opposed to reinvestments) have rebounded to their highest level for five years.
Recent inward investments into Scotland include Singapore-based firm TranSwap which opened its first UK office in Edinburgh. US-based Thermo Fisher Scientific also announced a major expansion of its facilities at its Perth plant in an effort to cope with the demand for Covid-19 sample testing.
Edinburgh, Glasgow and Aberdeen were all ranked in the UK’s top ten cities for FDI projects outside London – with the Scottish capital placed first.