British investment in Spain is down 11% and has already been overtaken by the United States and France | Economie

The negative impact of leaving the European Union and the pandemic that began in March 2021 had a negative impact on the arrival of the British capital to Spain. Between January and June 2021, British investment fell by 11% to 895 million euros, dropping to third place in the ranking, according to the seventh gauge on the climate and prospects for British investment in Spain, prepared by the Chamber of Commerce in Spain. UK in Spain and International Financial Analysts (AFI).

Before the UK the US had 2,008 million, and France with 1,161 million. Despite this, the report stresses that inflows to the UK in the first half of this year “remain eminently productive, highly diversified and characterized by rare divestments” and that the cumulative volume since the third quarter of 2016 (17,841 million) is similar. for those accumulated in the previous five years. “The UK continues to be a strategic partner for Spain, and the EU-UK Free Trade and Cooperation Agreement generates certainty for businesses and investment,” said Chiana Mendes, Secretary of State for Trade during her speech.

In the distribution by autonomy, Madrid and Andalusia concentrated 70% of the investments, with 494.9 and 139.1 million, respectively. Catalonia, already far away, ranks third with 67.1 million inhabitants; Castilla y León with 30.8 million. The Basque Country with 20 million inhabitants, and the Valencian Community with 10.3 million inhabitants. By sectors, energy accounted for 221 million; Food, another 129.9 million, and already at another distance, real estate (99.9 million) and construction (94.8 million)

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This measure accompanies a survey of 2,200 British companies active in Spain and supports the most optimism after a year and a half of the pandemic. Only 6% consider the business climate to be bad, compared to 73% reached twelve months ago, and 76% expect investments in Spain to increase in 2022, compared to 46% this year.

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