The UK is recognised as the most attractive destination for foreign investments in financial services in Europe. Interestingly, the country remains the top for financial services investments despite Brexit and world crisis on the back of Covid-19.
It is reported that 40 percent of investors believe the UK has an optimistic outlook for foreigners investing into financial services with the protracted pandemic.
Omar Ali, UK financial services managing partner at EY, told the media, “London’s dominance as the preeminent European financial centre remains unrivalled, and it’s also very encouraging to see other parts of the UK – like Scotland and Leeds – attract significant investment and create thousands of jobs. While it’s unclear at this early stage how future projects will be impacted by the pandemic, investor sentiment from April this year suggests UK financial services is in a strong position to adapt to the changes and continue to be a leading destination for overseas investment.”
Last year, London ranked high for being the top European city for foreign direct investment. The city had 67 projects followed by Paris with 29 projects and Madrid with 24 projects. France ranked third over the last five years recording 38 financial services projects in 2019, media reports said.
However, the US recorded the highest financial investment into Europe last year, media reports said.