The UK Trade & Investment (UKTI) body has said that strong inward investment in Britain between 2011 and 2012 has created over 112,000 jobs for workers to take advantage of. Despite the turbulent economy, investments have continued to be made, creating new vacancies and offering recruitment agencies increased options for placing workers.
Over the past 12 months, the UKTI found that funding within the UK has increased by 19%, despite the recession. The majority of new jobs were created in environmental technologies, engineering and life sciences, with many limited company contractors benefiting from the market openings.
Lord Green, investment and trade minister, said that the international community continued to be attracted to the UK, with the government striving to ensure that investment within British shores remained high. “Through the most competitive tax system in Europe, coupled with support and advice for entrepreneurs, and a renewed drive to market the UK overseas, we’ll continue to support existing investors and reach out to emerging economies and industries,” he said.
Geoff Newman, managing director of recruitment agency RecruitmentGenius.com believes the prospects for the UK are very good.
“Whilst the past few years have been turbulent, the government have consistently delivered a stable tax and business environment. Combined with the fact we are one of few European countries that can control its own currency and have a flexible labour market the outlook is excellent.”
The news comes after the government revealed plans to boost the renewable energy sector, creating many jobs in the process. Meanwhile, the London Olympics are set to create around £1bn of direct investment, whilst a Battersea Power Station investment of £8bn is set to create 33,000 jobs. For recruitment agencies looking to place staff, the future could hold a large number of vacancies if British investment continues in the direction that it is currently headed.
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