Money (7)

The UK has seen a record number of foreign investments in the year to April 2016, according to the latest government figures.

The Department for International Trade (DIT) revealed that 2,213 inward investment projects were secured in 2015-16, an increase of 11% on the previous year.

The DIT also said the increase of investment projects led to around 116,000 jobs being created, the second highest number on record.

Liam Fox, International Trade Secretary, said the figures confirm Britain's position as the "number one destination in Europe for investment".

However, the figures are taken from the past financial year and indicate investment before the vote to leave the European Union.

Since the referendum vote, there have been concerns how Brexit will affect future investments within the country, particularly after the collapse of the pound.

The US carried the biggest source of investment with 570 projects secured, China backed 156 projects whilst 140 were boosted by India.

Whilst the US remain the biggest source of inward investment for the UK overall, the latest figures show an increase of investment projects from Latin America by 240% and investments from Central and Eastern Europe rose by 131%.

Mr Fox said: "These impressive results show the UK continues to be the place to do business.

"We've broadened our reach with emerging markets across the world to cement our position as the number one destination in Europe for investment.

"This continued vote of confidence in the UK will help attract foreign investment to create jobs, security and opportunities for people across the UK."