Europe's top investment destination, London attracts highest level of investment than other EU states

City News Desk

Ernst & Young in a report published today shows London is still in poll position for foreign investment during 2008 in the European Union ahead of France, Germany and other nations.
London is also tipped to be the capital city that will rebound from the economic crisis quickest in Europe.  London was holding up better than other European cities "because it was attractive to work and live in and scored well for research and development access and telecommunications."

The report which surveyed 800 top executives showed that 28 per cent chose London compared to Paris which only attracted 14 per cent.

Overall the UK is the most attractive country to invest with 686 projects, France 523 and Germany 390.

The largest investor in the UK remains the US with 263 projects, followed by India.

One of the main reasons why London remains top of the list of nations to invest in buy foreign investors is that companies are less willing to take risks in the present economic climate.

Photo credit: London Daily News