It would be a tragic day for Britain if we pulled down the shutters in order that we weren’t a mercantile entrepreneurial country,” he said His comments came because the government announced that the united kingdom will hold a serious international investment summit in October to draw in more overseas investment in post-Brexit Britain.
“All our research shows that overseas invested companies are more productive and produce more jobs,” added Lord Grimstone It’s a unprecedented finding but what it shows is that the importance of attracting overseas investment into the united kingdom .”
Recent figures show that foreign private buyers have spent more acquiring UK-listed business within the last eight months than they need within the last five years combined Currently, grocery company Morrisons and defence contractors Meggitt and Ultra are the topic of bidding wars between overseas investors.
Lord Grimstone, former deputy chairman of Barclays, which can be a serious sponsor of the upcoming summit, said the united kingdom was at the forefront of industries of the longer term , including renewable energy and therefore the convergence of finance and technology – so-called fintech He also pointed to the £1bn investment in new car and battery production recently announced by Nissan.
“We shall keep the united kingdom together of the foremost attractive destinations for foreign investment within the world,” he said We are therein category but i prefer to consider investment together of the foremost globally competitive sports and that we shall win in it.”
Despite the flood of recent private takeovers, overall foreign direct investment into the united kingdom has fallen per annum since the Brexit referendum in 2016, and therefore the UK which attracted more investment than the other country in Europe for 18 years during a row, lost that title to France in both of the last two years.