West Midlands tops regional rankings for foreign investment and growth rate in 2022/23

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A total of 181 foreign direct investment projects landed in the region during the financial year – more projects than Scotland and Wales combined and overtaking the South East for the first time.

Wolverhampton city economy chief Councillor Stephen Simkins

The last financial year also saw the West Midlands Growth Company – the region’s official investment promotion agency – achieve a record high performance, with recorded projects representing a 171 per cent increase on the previous year. Richard Bate, chief technology officer at cyber security business Goldilock, said: “Wolverhampton Science Park was key to our decision of where to base the business, providing us with a state-of-the-art research and development and production facility, as well as proximity to cyber skills. The West Midlands gives us unparalleled access to industry and talent on a very practical and affordable level, while being within easy reach of London’s tech ecosystem.

“We are working hard to attract foreign investment to support our growth and the £1billion regeneration of our borough.

 

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