Quoting latest figures from the UK's Office for National Statistics (ONS), the Department for International Trade (DIT) said on Tuesday that stocks from across Asia increased by more than 33 per cent in 2017 to 128 billion.pound. with the biggest growth from any country coming from Indian investors to hit 8 billion pound.
"The significant rise in the amount of investment from Asia is evidence that the growing economies are important partners for the UK, relationships which I am committed to developing and deepening," he said.
The DIT said the figures show that investors have maintained confidence in the UK as an investment destination, with the value of the UK's FDI stocks as a whole increasing by 12.6 per cent to 1,337 billion pound in 2017, when compared with the previous year.
The UK's financial services sector attracted more FDI than any other industry, accounting for 28.8 per cent of total inward investment, accumulating over 385 billion pound by the end of 2017.
"Foreign Direct Investment has an overwhelmingly positive and transformative effect on the UK economy, bringing jobs, prosperity and growth. My international economic department is focused on ensuring that the effects are felt in every part of the country," Fox said.
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