LONDON, July 14 (Xinhua) -- Prime Minister David Cameron said Wednesday that his government has put the ability to attract and retain foreign investment at the heart of Great Britain's economic recovery.
"Attracting and retaining inward investment is hugely important for our economic recovery," Cameron said at the UK Trade and Investment Business Summit.
"We are determined to deliver the pro-business environment investors need, getting the deficit down to create certainty and stability, cutting business taxes, delivering flexible employment and cutting red tape and regulation," he added.
The prime minister said his government wants Britain to be a place "where companies can grow and succeed, where the world's best companies thrive, where great ideas and innovations are turned into great products and where we have a world-class workforce."
Business Secretary Vince Cable said that inward investment is crucial to the success of the UK's economy because it creates thousands of jobs for the country and is key to economic growth.
In a report released Wednesday, the UKTI said that a record number of foreign countries invested in Britain in 2009/10. Inward investment generated 94,000 jobs over the past year, a 20-percent rise on the previous year, the report said.
The report also showed that China had moved up to become the UK's sixth largest investor with a record total of 74 projects, an increase of 25 percent over the previous year. China's investment helped to create more than 700 jobs in Britain.
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