New figures suggest that those in other European countries looking to make good investments are still choosing to place their money within the UK.
The Country Attractiveness Survey, carried out by Ernst and Young, showed that the UK was the most popular destination in Europe for investments in 2008 for the seventh year running.
Surveying 800 executives from around the world, the report placed the UK as the best country and London as the best city to make investments, partially due to its enthusiasm for an emerging green sector.
However, Marc Lhermitte, a partner at Ernst and Young, said: "The true picture of how the global recession has hit inward investment has yet to emerge. Investment decisions for 2008 will have been made many months before the downturn hit."
The Association of Investment Companies recently said that the private equity sector could play a part in the recovery of the UK economy by providing finance where banks cannot.
UK still top for investments
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UK still top for investments
Thu, 04 Jun 2009
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