International investment 'has created 112,000 UK jobs'

International investment in the UK has created more than 112,000 jobs over the past 12 months, according to the Department for Business, Innovation and Skills.

The announcement was made by business secretary Vince Cable, who noted that this is a 19 per cent increase on the previous year and shows that companies investing in Britain are continuing to succeed and laying the foundations for nationwide growth across the country.

He added that inward investment created 52,741 new jobs, which is a 26 per cent rise on the figure recorded in 2010/11, while 59,918 existing jobs were secured, which is an increase of 14 per cent on the year before.

Dr Cable noted that the UK continues to attract more foreign direct investment than any other European country and generates more than a thousand new jobs each week across a range of sectors.

"These figures are a clear demonstration that international investors have confidence in the UK. Despite a difficult international economic climate, more jobs have been created and secured than in any year for over a decade," he added.

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Posted by John Oak and Wayne Bly

Source: The Sales Director News