Brexit The British capital remains at the top of the list when it comes to foreign investment, with London dominating the competition.
According to figures released by the City of London Corporation, the governing body of London’s financial district, the Square Mile, 114 investments totaling almost £600 million were made primarily from financial and professional services.
This means London beats strong competition from Singapore, New York and Paris.
A third of the investments were made up of fintech companies, while nearly a fifth went to tech companies that back them.
The closest competitor was Dubai, whose financial and professional services received 104 investments.
This is compared to 103 for Singapore, 54 in New York and 53 in Paris. When comparing countries as a whole for investment in financial and professional services, Britain is second only to the world’s largest economy, the United States. UK-based companies attracted £1.3bn of investment last year, with Belfast and Manchester particularly attracting investors.
Vincent Keaveny, Lord Mayor of London, said: “Despite the challenges of the pandemic, the UK’s financial and professional services sector has proven to be resilient.” The UK’s offer to global investors continues to strengthen due to its unique combination of time zone, language, legal system, global talent and financial services ecosystem.