Investment increasing from €14 to €80 billion
Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS) reports that there has been a considerable increase of British direct investment in the Netherlands since 2016, the year in which the UK’s referendum on leaving the European Union took place. This is based on figures from the Dutch National Bank (De Nederlandsche Bank, DNB). While investment was €14 billion in 2016, it more than doubled in 2017 and rose to €80 billion in 2018.
The UK is one of the Netherlands’ most important investment partners. The 2018 figure marks an eight-year high and makes the UK the biggest investor for that year.
Why businesses invest in Amsterdam and the Netherlands
The news comes shortly after the Netherlands Foreign Investment Agency (NFIA) published figures showing that dozens of firms have moved to Amsterdam and the Netherlands as a result of the UK’s decision to leave the EU.
Well-connected logistically as well as digitally and home to a highly educated workforce of English-speaking talent, the Netherlands and Amsterdam are highly attractive to businesses concerned about Brexit.
In particular, companies in the finance and FinTech sector, as well as the tech and creative industries, have made the move to Amsterdam. The life sciences and health field has also seen a considerable influx of new business following the relocation of the European Medicines Agency (EMA) from London to the Dutch capital.
Read more business news from around Amsterdam.