On 27th June 2024, the Department for Business and Trade (DBT) published statistics showing results for inward investment projects which landed in the UK in the 2023 to 2024 financial year. The release did not include statistics for Combined Authority (CA) areas but these can be compiled by using information for Local Enterprise Partnership (LEP) areas and ITL2 sub-regions.
The release includes additional information for the nine larger English ITL1 regions. The North East ITL1 area includes the North East and Tees Valley CA areas.
North East foreign direct investment (FDI) projects
53
North East FDI projects
(2023/24, combined authority area)
4.1% of England total,
6.7% of England excl. London total,
(excludes multi-site projects).
2,008
North East FDI new jobs
3.7% of England total,
5.7% of England excl. London total.
Tees Valley: 2,288 FDI new jobs.
4th
highest rate of FDI new jobs
of nine English combined authority areas
in the north and midlands.
Higher than England rate.
Highest CA area rate: Tees Valley.
Source: Inward investment results (DBT), last published Jun 2024 Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI.
The totals exclude multisite FDI projects. Geography: North East combined authority (CA) area, other English CA areas in the North and Midlands, other comparison areas.
Source: Inward investment results (DBT), last published Jun 2024 Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI.
The totals exclude multisite FDI projects. Geography: North East combined authority (CA) area, other English CA areas in the North and Midlands, other comparison areas.
Source: Inward investment results (DBT), last published Jun 2024. Rates: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI.
The totals exclude multisite FDI projects. Rates based on workplace employment estimates. Geography: North East combined authority (CA) area, other English CA areas in the North and Midlands, other comparison areas
Source: Inward investment results (DBT), last published Jun 2024. Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. The totals exclude multisite FDI projects. Geography: North East ITL1 region, including the North East and Tees Valley CA areas.
Source: Inward investment results (DBT), last published Jun 2024. Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. The totals exclude multisite FDI projects. Geography: North East ITL1 region, including the North East and Tees Valley CA areas.
Source: Inward investment results (DBT), last published Jun 2024. Rates and three year averages: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. The totals exclude multisite FDI projects. Rates based on workplace employment estimates. Three year annual averages calculated to smooth the dataset. Geography: North East ITL1 region, including the North East and Tees Valley CA areas. England comparisons.
Source: Inward investment results (DBT), last published Jun 2024. Rates: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. The totals exclude multisite FDI projects. Rates based on workplace employment estimates. Geography: North East ITL1 region, other English ITL1 regions, national comparisons. The North East ITL1 area includes the North East and Tees Valley CA areas.
Source: Inward investment results (DBT), last published Jun 2024. Percentages: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year. Geography: North East ITL1 region, other English ITL1 regions, national comparisons.
Source: Inward investment results (DBT), last published Jun 2024. Percentages: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. Geography: North East ITL1 region, other English ITL1 regions, national comparisons.
Source: Inward investment results (DBT), last published Jun 2024. Percentages: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. Geography: North East ITL1 region, other English ITL1 regions, national comparisons.
Source: Inward investment results (DBT), last published Jun 2024. Percentages: North East CA analysis Data information: Official estimate of the number of foreign direct investment (FDI) projects that landed in the UK in the 2023/24 financial year and the estimated number of new jobs created through FDI. This analysis uses totals over three financial years. Geography: North East ITL1 region, other English ITL1 regions, national comparisons.
The evidence hub includes an internationalisation landing page, with links to topics related to FDI. The annual statistical release is available from the Department for Business and Trade (DBT).
Because of limited information from this national source, Invest North East has used their internal data to produce a summary of all inward investment up to 2022/23. The ONS has also produced a more detailed analysis but this is experimental and has no data for years after 2021.
Internationalisation (hub home page)
The landing page within the evidence hub that contains links to information about international trade, investment, and other ways that the North East interacts with the rest of the world.
Annual statistics on inward investment and the number of foreign direct investment (FDI) projects in the UK published by the Department for Business and Trade (DBT).
Inward investment estimates (based on internal data)
An analysis of inward investment into the combined authority area, up to and including 2022/23, produced by Invest North East from their internal records.
