- Reference: 2019/12263
- Question by: Fiona Twycross
- Meeting date: 20 June 2019
A survey by EY found that whilst the UK remains in top position as the European destination for foreign direct investment (FDI) in 2018, but the number of projects was down by 13% on the previous year. Furthermore, it found 15% of global investors have put investment plans in the UK on hold owing to Brexit, and sectors exposed to Brexit experienced major declines in FDI in 2018, with manufacturing down by 35%, headquarters down 49% and R&D down 17%. What are businesses in London communicating to you with regards to FDI?