The British Chamber of Commerce presented its study of the amount of investment flowing from the UK at a meeting in Malaga last week
The British Chamber of Commerce for Andalucía presented its 7th Barometer on the Climate and Outlook of British Investment in Spain at a meeting held in Malaga city last week. The mayor of Malaga, Francisco de la Torre was in attendance.
The report studies the amount of investment from UK firms in Spain and the outlook for the future. It was good news.
Based on data for all 2021, inward foreign investment from the UK reached 3.3 billion euros, up 17% on 2020 and moving Britain up to be the biggest investor ahead of the US at the close of the year.
In the first three months of 2022 alone this figure reached 2.5 billion euros, up 347% on the same quarter a year earlier, according to the Chamber of Commerce report.
The exceptional 2022 data was driven by big investments in the sporting and entertainment sector; British based CVC Capital funds invested in the Spanish football league, LaLiga, earlier this year.
In terms of Andalucía, there were 144.8 million euros of direct investment in 2021 from the UK. The vast majority of that money (89.7%) was directed at the food sector, which received 130 million euros. The rest of investments were made in construction (1.9%), real estate (1.8%) and science and technology (1.8%).