Deloitte reports growth in US investment into North West
According to new research from Deloitte, US investment into companies in the North West of the UK has seen a big increase this year.
The regional deals market is the focus for the Big 4 firm's latest Cross Border Deals Radar report, which reveals that so far there have been 36 inbound transactions in 2015, and US based companies were responsible for 14 of them.
The region's companies have also seen deals increase in terms of value, and transactions worth more than £1.4bn have already taken place this year. Deloitte also found that companies in the area bought 18 firms in deals worth a total of £177m.
Corporate finance director at Deloitte in the North West, Olly Tebbutt, said: "The North West has always had strong links to business in the US, so it is encouraging to see that partnership continue to flourish.
“The region is home to a number of innovative technology and manufacturing companies, so it is easy to see why US and other overseas buyers seeking growth and differentiation continue to make investments."
However, it isn't just US based companies who are investing in the region. The report also found that businesses in Germany and Australia completed three deals in North West England, while two deals were notched up by China, India, Denmark and Austria.
In addition, a Canadian investment group, CPPIB Liberty Living, undertook the quarter's biggest transaction when it acquired five properties from Student Castle Investments for £330m.