Foreign-owned Businesses In The Uk Non-financial Business Economy (annual Business Survey): 2017

27th June 2019

In 2017, there were just over 2.4 million registered non-financial businesses in the UK, of which 1.1% were owned by businesses outside the UK (foreign-owned).

These businesses contributed 27.0% in approximate gross value added (aGVA) to the UK's non-financial business economy, which was an increase of £16.1 billion in aGVA compared with 2016.

The majority of foreign-owned businesses operated in the non-financial services sector, generating £160.6 billion towards aGVA.

56.2% of foreign-owned UK businesses were European; these contributed 45.0% (£149.0 billion) to total aGVA generated by foreign-owned businesses.

There were 7,770 UK businesses owned by the Americas in 2017 (29.8%), an increase of 3.6% compared with 2016; the contribution to aGVA from these businesses increased by 4.4% to £130.2 billion in 2017.

Within the UK, the largest proportion of foreign-owned businesses were located in England; these contributed 87.4% to total aGVA.

Read the full report at - https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/articles/annualbusinesssurvey/2017