The Basque Country leads British investment in the Spanish State with 617 million Euros in 2014
The Basque Country has positioned itself as the leading destination for British investment, according to a report by the British Chamber of Commerce in Spain (BCC) presented in London. The study places the Basque Country as the principal recipient, with 22% of FDI in the last five years, ahead of Madrid, in second place with 20%.
The data of the study reveal that the gross investment from the UK in the Basque Country in 2014 was 617 million Euros, which accounts for 37% of the total in Spain. Madrid received 34% and Valencia 15%. In the Basque Autonomous Community, British investment focused on storage, drinks manufacture and wholesale trade.
The United Kingdom remains among the top five investors in the Spanish State. In absolute terms, the cumulative British investment is estimated at 63,000 million Euros in the last 11 years.