Leslie – New ONS stats show importance of Single Market membership to foreign direct investment

Direct investment in the UK from European companies has created over 110,000 new jobs in the last five years and safeguarded a further 80,000, according to the Government’s own figures.

New ONS statistics show that 3,149 foreign direct investment (FDI) projects from investors in the EU were agreed between 2012-13 and 2016-17. 

Commenting, Chris Leslie MP, leading supporter of Open Britain, said:

“The evidence is there in black and white – membership of the EU Single Market creates and safeguards thousands upon thousands of British jobs.

“Leaving the Single Market will make it harder for European companies to invest in Britain and any new barriers to trade will put British jobs at risk and damage our economy. 

“To protect the investment which is so important for Britain, Ministers must put membership of the Single Market back on the table in the Brexit negotiations.”


Notes to editors:

This story is reported here: http://www.independent.co.uk/news/uk/politics/uk-eu-investment-companies-created-over-110000-new-jobs-since-2012-new-figures-show-a7883061.html

The ONS figures are here: https://www.gov.uk/government/publications/foreign-direct-investment-projects-by-uk-region-2012-to-2017/foreign-direct-investment-fdi-projects-by-uk-region-tax-year-2012-to-2013-to-tax-year-2016-to-2017