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Record number of jobs attracted to South West
New figures show that more than 1,800 new jobs are set to be created in Bristol and the West of England after a string of inward investment successes, notably from major companies such as Strava, professional services consultancy Procorre and medical data firm DesAcc who have all established offices in the city.
1,400 jobs stem directly from foreign investment, smashing the region’s annual job creation target of 950 jobs. A further 300 jobs have so-far been attracted post-Brexit.
Matt Cross, head of inward investment at Invest Bristol & Bath who were responsible for attracting two thirds of the companies, said: “Results show that the West of England continues to be the place to do business – we have broadened our reach with world markets to cement our position as a leading destination in the UK for investment.
“Looking forward, we have a strong pipeline of inward investment activity, with interest from a European-based consultancy firm with the potential to generate 100 new jobs; major US based tech company creating a further 120 new jobs; and a leading financial institute that could generate 250 new jobs for the region.
“All in all, the conversations we are having with companies looking to invest in the region could result in the creation of an additional 6,000 new jobs over the coming years.”
Data from government shows that the UK is still the most popular destination in the European Union for overseas firms, with the US being the biggest source of inward investment for both the UK and the West of England.
Read more: Strava to relocated European HQ to Bristol
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