West Midlands gets boost from overseas jobs
June 29, 2005
Investment from overseas led to the creation of 4,083 jobs in the West Midlands region, according to figures released today by the government.
The department for Trade and Industry said inward investment into Britain jumped by 31% last year.
Trade Secretary Alan Johnson said "The UK is still viewed globally as one of the best places in the world to do business thanks to our unrivalled economic performance, emphasis on research and technology and skilled, flexible workforce.
"The predictions of the death knell for inward investment in the UK have been proved wrong," he said.
The south east attracted most jobs, with 5,379 people being hired by foreign companies, the DTI said.
Foreign Secretary Jack Straw said the Government was "ambitious for Britain and are determined to seize the opportunities of the new global economy".
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