The Midlands delivered a strong Foreign Direct Investment (FDI) performance last year, with the number of FDI-backed projects in both the West and East Midlands growing at a faster rate than anywhere else in the UK.
According to the 2022 EY Attractiveness Survey, the West Midlands hosted 78 FDI projects in 2021, up 27.9 percent from the 61 projects located in the region in 2020 – an improvement on its immediate pre-pandemic performance.
The East Midlands hosted 39 projects, up 2.6 percent from 38 projects in 2020.
Across the UK, project numbers grew just 1.8 percent from 975 in 2020 to 993 in 2021.
The West Midlands’ performance means the region has overtaken the North West as the home of the most FDI projects outside London, the South East and Scotland.