Leaders welcome creation of investment council

Transatlantic business leaders have welcomed the formation of a new body set up to attract overseas investment into the UK.

The Government says the newly-formed UK Investment Council 's purpose is to provide a platform to influential global investors so that they can highlight their perspectives, priorities and concerns relating to UK inward investment.

The council is chaired by the Minister for Investment at the Department for International Trade (DIT) features 40 members from a range of sectors including financial services, aerospace, technology, food and drink, telecommunications and agriculture.

Leading transatlantic trade body BritishAmerican Business, of which the Greater Birmingham Transatlantic Chamber of Commerce is part, said the creation of the council was a welcome development that will enhance the UK 's prospects for foreign investment.

Emanuel Adam (pictured), executive director and director of policy and trade at BritishAmerican Business, said: "We welcome the establishment of the UK Investment Council and with that the UK Government 's efforts to seek private sector advice how to improve and enhance the UK 's business environment for foreign investors.

"The UK is at an important juncture in formulating its future proposition for foreign investors. We are delighted that many members of the transatlantic business community can help ensure the UK continues to be a good place to do business."