S6W-29280

Asked by: Johnson, Daniel (Scottish Labour - Edinburgh Southern)

Question

To ask the Scottish Government, further to the answer to question S6W-27776 by Tom Arthur on 7 June 2024, how Scotland has performed relative to other UK nations and regions on inward investment, both from UK located firms and foreign firms, in each of the last five years.

Answered by Lochhead, Richard - Minister for Business

The latest EY Attractiveness survey, published 11 July 2024, shows that for the ninth consecutive year Scotland was the top performing part of the UK for foreign direct investment (FDI) projects outside of London. Scotland remains highly attractive as an FDI destination, with 26% of investors looking to invest or expand in Scotland in the next year. This is up from 19.2% in 2022 and ranks behind only London – as well as being well ahead of the UK’s other regions and devolved administrations.

Information on how Scotland has performed relative to other UK nations and regions are available via the EY attractiveness survey (the latest results can be found here: ey-scotland-attractiveness-survey-07-2024.pdf) and the Department for Business and Trade Inward Investment Results (the latest results can be found here: DBT inward investment results 2023 to 2024 - GOV.UK (www.gov.uk)

The Minister for Employment and Investment's answer to your question S6W-28567 on 30 July 2024 provided details on investment in Scotland for the past five years from a UK-based parent company. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers.