Northern Ireland

Foreign investment projects rise by 41% in Northern Ireland

Cash in various currencies
Image caption There has been a rise in foreign investment projects

A new report has highlighted a "significant" increase in the number of foreign investment projects in Northern Ireland last year,

However, the region trails Scotland and Wales in foreign investment.

The annual report from UK Trade and Investment showed Northern Ireland benefited from 38 projects, compared to 27 the previous year - a 41% uplift.

Scotland attracted 111 projects last year (up 16%), while Wales secured 67 projects (up 191%).

According to the government, the UK as a whole is strengthening its position as a top destination for foreign direct investment.

NI Economy Minister Arlene Foster said: "It is welcome news, particularly when global markets continue to be highly competitive.

"Clearly, Northern Ireland is continuing to build on its reputation for excellence in a number of key sectors, including legal services, financial service and information technology."

Earlier this year, Invest NI said it had promoted more than 2,000 jobs by foreign companies in the 12 months to April 2013.