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the Way.
Yorkshire and humber has attracted unprecedented
levels of inward investment over the past Year, boosting
the region’s economY and bringing new opportunities for
existing businesses. inform reports.
yorkshire is one of the leading regions for foreign now is to maintain the high level of quality investment over
investment according to the latest figures released by the coming years both to boost trade within the region and give
UK government. During 2007/2008 the region attracted Yorkshire and Humber greater presence on the international
124 inward investment projects – an average of more than scene. The benefits, she says, will be felt across all industry
two projects every week – the highest level in a decade. sectors.
Lindsay explains: “There’s a huge amount of evidence
Despite challenging conditions in the global economy, to show that inward investment pushes competitiveness
Yorkshire Forward working with regional partners, delivered and productivity of indigenous businesses, not just those
57 of these investments, attracting over £320 million of operating in the sectors where the new investment has
private investment to the regional economy – a significant come in. It also has a positive knock-on effect of increasing
increase on last year. Every £1 spent on Foreign Direct the supply chain, providing new supplier opportunities
Investment (FDI ) activity in 2007/2008 generated £685 of for existing firms in the region. Lindsay says the record
private capital investment, creating 1,100 new jobs and investment has been achieved through a complete
safeguarding a further 2,564 in the face of stiff global restructuring of the RDA’s overseas network to create a
competition. far more proactive, evidence-based approach to investor
It’s a major success for our region, putting us in the top development.
four locations for Foreign Direct Investment into Focusing on key markets such as the uS and Europe
the uk. and emerging markets such as China and India, business
Yorkshire Forward’s assistant director of marketing and analysts have been placed in market to identify trends and
business development, Theresa Lindsay, says the objective identify business opportunities at an early stage.
inform september 2008 page 4
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