Ministers Urged To Put FDI At The Heart Of The UK’s Growth Agenda

Law firm Irwin Mitchell is urging the Chancellor to use the upcoming Autumn Budget as a springboard for a renewed focus on foreign direct investment (FDI), warning that the UK risks falling behind in the race for global capital unless decisive action is taken.

Expert Opinion

“FDI is a critical driver of jobs, innovation, and long-term prosperity. With the UK economy facing persistent inflation and low growth, it is more important than ever to show the world that Britain is open for business. We want to see the government put FDI at the centre of its growth strategy, ensuring the benefits are felt in every region.

“To do that, ministers must take bold steps to strengthen the UK’s skills base and talent pipeline to attract high-value investment; improve infrastructure and connectivity to unlock opportunities across the country; and create a stable, predictable environment that gives international investors the confidence to commit for the long term.

“This includes accelerating delivery across the Industrial Strategy Zones, which can drive regional growth and attract global capital.

“Now is the time for bold thinking. By prioritising FDI and creating the right conditions for international investment, the government can help secure the UK’s place as a global leader and deliver growth that benefits businesses and communities nationwide.”
Bryan Bletso, Head of International at Irwin Mitchell

Irwin Mitchell will publish its latest FDI Attractiveness Index in November. Produced in conjunction with the Centre for Economic and Business Research (CEBR), the annual report examines and ranks the top 50 cities in the UK according to their readiness for attracting global investment.