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Region reports a rise in its foreign investment levels
The Journal
|June 18, 2025
THE North East brought in 42 Foreign Direct Investment (FDI) projects last year - the region's highest total in seven years, a new survey has revealed.
The region attracted 10.5% more projects compared to 2023, bucking a national trend which saw the UK bring in 13% less FDI projects year-on-year. Meanwhile, Newcastle was the UK’s seventh best-performing city, up from eleventh in 2023, with a total of 13 projects up from 11, according to EY’s latest UK Attractiveness Survey.
However, despite seeing a jump in the number of foreign investment deals in the region, the number of jobs they created dropped significantly, by 35% from 2,887 to 1,864.
Yet the North East’s increase in project numbers saw its share of UK FDI projects jump from 3.9% in 2023 to 4.9% in 2024. It was also the UK’s seventh best-performing region for attracting FDI projects in 2024, up from eighth in 2023 and the region's highest ranking since 2016.
This story is from the June 18, 2025 edition of The Journal.
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