Andalucia continues to attract the highest number of UK investors, new figures reveal.
In the last five years, investors from the UK have ploughed more than €250 million in the region of Andalucia – accounting for 10% of all direct foreign investment, according to figures revealed at the Barometer on Climate and Outlook of British Investment in Spain presentation, reports newspaper Sur in English.
The study, carrised out by the British Chamber of Commerce (BCC) in collaboration with Analistas Financieros Internacionales (AFI – International Financial Analysts) found that British investors are more focused on the property and construction sector, with total expenditure reaching over €100 million in the last five years.
Brexit has not deterred British firms investing in Spain; in fact investment flows reached €3.1 billion in 2017, high above the historical average of 2.8 billion.
Out of the number of firms which took part in the survey, 70% said they planned to increase their investment in Spain this year, 17% more than last year. None of the firms involved said they would stop investing in Spain.
More than 183,000 jobs are created in Spain by direct British investment in the country and “more employment will depend on British investors in Spain”, says an expert from AFI.
Tags: British Investors, Investment Andalucia, Jobs in Spain