Coventry and Warwickshire remains a major destination for international investment, according to recent data from the Department for Business and Trade.

The region is one of the best performing locations in the country for foreign direct investment (FDI2), continuing to outperform the overall UK figures.  

The area attracted 56 foreign investment projects in the year 2022-23, maintaining the trend of recent years.

Key sectors for Coventry and Warwickshire included automotive and future mobility (17 projects) and digital creative and software (13 projects) and e-commerce and logistics (five projects). 

The area also accounted for 17 per cent of the total UK automotive projects. Investments included those from countries including Australia, China, Germany, India, Japan, the US and Sweden. 

The Coventry and Warwickshire area also saw growth in jobs created, up at 3,195 compared to 1,534 last year, while the UK saw a fall of almost seven per cent for the same period.  

Cllr Martin Watson, cabinet member for economy, at Warwickshire County Council  said: "We are thrilled to see that Coventry and Warwickshire remains a go-to area in the UK for FDI – Foreign Direct Investment - as we have the skills and talent sought by overseas companies, as well as the sites and connectivity.   

"The area boasts outstanding talent pipelines at major universities, excellent transport infrastructure by road or rail and partners are experienced at supporting businesses in establishing operations in the area.  

"The county council's inward investment service provides an excellent soft-landing support for business, with help in finding properties, accessing funding and attracting talent or filling skills gaps. The support available is comprehensive, and I would encourage potential investors to reach out to us if they are thinking of investing in the area."