Scotland still attractive to investors

04 Jun 2010

Scotland has maintained its ranking as the third most attractive destination in the UK for inward investment, with manufacturing and financial services accounting for 90 per cent of all projects in 2009.

The European Attractiveness Survey from Ernst & Young, found that, despite the recession, the number of overseas investment projects in Scotland fell by just 2 to 51.

These included 28 manufacturing projects and investments by 18 firms operating in finance and business services.

In the financial and business services sector, French bank BNP Paribas added 80 new jobs to its securities broking office in Glasgow. This was the second tranche in a five-year plan to boost staffing by 370 across Scotland, a deal first secured in 2007 with the award of £3.7m in regional selective assistance funding to the banking group.

Source: The Scotsman