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Australian investment in UK increases

Australian investment in UK increases article image
Foreign direct investment into the UK from Australia has increased, bucking the global trend that saw investment figures drop around the world, according to UK Trade & Investment. Ranked the seventh largest investor in the UK, Australia has increased its projects to the motherland in the last year, despite overall investment in the UK dropping by seven percent. However, the UK fared well against continental Europe, where investment fell by 10 percent on average. Prime Minister David Cameron maintained the importance of inward investment. "Attracting and retaining inward investment is hugely important for our economic recovery. We are determined to deliver the pro-business environment investors need; getting the deficit down to create certainty and stability, cutting business taxes, delivering flexible employment and cutting red tape and regulation," he said. "Whether your company is established here, expanding here or relocating here Britain is back open for business and it’s going to be better than before - and better than the competition." Paul Noon, director of UK Trade & Investment in Australia, said the figures were encouraging. "The continuing strong results from Australia clearly demonstrate the high level of interest Australian companies have in the UK market - it’s the natural European investment destination for Australia," he said. "The continued economic strength of the Australian economy and the Aussie dollar, as well as the UK’s overall attractiveness as a destination for FDI, means it’s a great time for Aussie businesses in the UK." Businesses such as virtual office providers Servcorp, employment agency The Sarina Russo Group and Macquarie Bank have projects in the UK.

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