More than 3,000 jobs were created in Wales over the last year thanks to inward investments, the best results recorded in five years, new figures published today (27 June 2023) show.
The UK Department for Business and Trade annual report on Foreign Direct Investments (FDI) in the UK for 2022-23 published today shows the number of jobs created has returned to pre-Covid pandemic levels with 3,062 jobs created during the last year, up from 1,793 in 2021 to 2022, a 66% increase compared to the previous year.
The report also shows 47 inward investment projects were created in Wales in 2022 to 2023, up from 43 in 2021 to 2022, an increase of 9%.
The Welsh Government was directly involved in around 91% of the investments, supporting businesses through a range of interventions from advising companies on potential sites and premises, identifying skills and talent, assistance with market research and making introductions to banks, business networks and academia.
There are over 1,395 foreign owned businesses that call Wales home, employing more than 161,400 people. These include blue chip investors such as Airbus, Toyota, General Dynamics, Deloitte, Siemens Healthcare and Oracle.
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