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North West tops provincial chart for foreign jobs

The North West was among the top three regions in the UK for generating employment via foreign direct investment (FDI) in 2010, a new report has revealed.

According to a study by accountancy firm Ernst & Young, some 1,226 roles were created: 683 in business services, 293 in machinery and equipment and 250 in the financial services sector.

Scotland was the number one region for producing employment opportunities, followed by London.

The research indicated that the UK was the most attractive destination in Europe for FDI, with some 728 projects in total, up seven per cent compared with 2009.

Lord Green, minister of state for Trade and Investment, said, “The sustained impact of FDI on the UK has been transformational, supporting the growth of a globally attractive and truly international economy.

“The UK is open for business and encourages companies to use the UK as a springboard to global growth. I am delighted that Ernst & Young has found that, once again, the UK attracted the greatest number of investment projects and employment in Europe in 2010.”

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