The UK has lost its crown as Europe’s top destination for foreign investment for the first time in more than two decades after being overtaken by France.
However, it attracted almost a third of all overseas digital technology investments across Europe last year, more than France and Germany combined, as the country’s status as a hub for innovation generated a “spectacular” surge in activity. The United States superseded the European Union last year as the UK’s biggest source of foreign investment, as Brexit transforms global economic ties, according to EY’s annual attractiveness survey.
London recorded its highest share of domestic foreign investment since the survey was first launched in 1997, with almost half of all projects taking place in the capital — 16 times as
