Doncaster ranked in Top 20 for foreign investment | Business Doncaster
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Doncaster Minster
11
Jun

Doncaster ranked in Top 20 for foreign investment

Doncaster has been ranked in the top 20 for attracting foreign direct investment (FDI) according to a survey from EY.

Investment is great news for Yorkshire with five Yorkshire towns or cities making the top 20 ranking by volume of investments, with Leeds, Barnsley, Sheffield, Hull all joining Doncaster in making the cut.

Leeds continue to dominate Yorkshire & Humber in terms of attracting FDI with 19 projects in 2017, up by 18.8% on 2016. Barnsley ranked joint 13th and Sheffield, Hull and Doncaster all came in joint 20th.

The firm's 2018 UK Attractiveness Survey ranked Leeds in the top 5 with 19 FDI projects locating in Leeds in 2017, a 23 per cent share of all projects locating in Yorkshire and Humber.

In the last three years, the region however, has maintained a high level of inward investment. In total, Yorkshire and Humber recorded 80 inward investment projects with the number of jobs created by overseas investors increasing by 14 per cent on the previous year (from 4,988 in 2016 to 5,665 in 2017) marking the highest number of jobs secured in the region over the last decade. 

The wholesale, retail and distribution sector provided two of the largest investments in the region - one from Germany into Rossington creating almost 1,000 jobs for Doncaster and the other from the US into Knottingley.

Rotherham secured two of the largest investments in business services and transport manufacturing, with over 700 jobs secured from both projects.

The largest number of investment projects recorded in the Yorkshire and the Humber region were in manufacturing. The sector saw 38 projects attracted to the region, representing 46% of the total number of investment projects in 2017 (up from 40% in 2016).

The second largest number of projects, by activity type, were in sales and marketing, with 22 projects representing 27% of the region’s total number of projects. 

In the UK as a whole, the sector generating the largest number of projects was digital. In Yorkshire & Humber, digital accounted for six projects in 2017 – a rise of 14% on 2016.

The 2017 results reflect the continued confidence of Yorkshire and the Humber region in particular one of the regions traditional strengths – manufacturing which is performing well with an increase of foreign direct investment projects which are driving significant growth. The region has a strong pipeline of projects coming forward and is looking to be in a strong position for attracting foreign direct investment in a number of sectors.