Brexit Britain’s capital is staying top of the pecking order when it comes to foreign investment, with London dominating the competition.
According to figures published by the City of London Corporation, the governing body of London’s financial district the Square Mile, 114 investments totalling nearly £600 million were made in first from both financial and professional services.
This means London is beating strong competition from Singapore, New York and Paris.
A third of the investment was made up of financial technology firms, while nearly a fifth went to technology companies that support them.
The closest competitor was Dubai, whose financial and professional services received 104 investments.
This is compared to 103 for Singapore, 54 in New York and 53 in Paris.When comparing countries as a whole for financial and professional services investment, Britain is second only to the largest economy in the world, the US.UK-based firms attracted £1.3 billion in investment last year, with Belfast and Manchester particularly attracting investors.
Vincent Keaveny, lord mayor of London, said: “Despite the challenges of the pandemic, the UK’s financial and professional services sector has proven resilient.“The UK’s offer to global investors continues to go from strength to strength due to its unique combination of time zone, language, legal system, global talent and financial services ecosystem.”
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