The North continues to provide a home for US investors making strategic buys in the UK as mergers and acquisitions (M&A) activity between the two countries remains strong.
New research from Deloitte, which analyses deal flow between the US and UK, reveals that there have been 93 transactions since the start of 2013 which involved US buyers investing into the North West (51 deals), Yorkshire (34 deals) and the North East (eight deals).
Last year, outbound M&A activity from US investors ploughing money into the UK reached £32.7bn across 322 transactions – with 29 per cent of those deals taking place in the North.
Overall, the manufacturing industry accounted for almost a third of US outbound transactions in the North, with technology, media and telecommunications (TMT) close behind (22 per cent), followed by consumer business (16 per cent).
Iain Marlow, assistant director in corporate finance at Deloitte, said: "While US investors are concentrating heavily on London and the South East, the regions are playing a vital role in attracting investment into the UK.
"Given our rich industrial past it is no wonder that manufacturing continues to underpin deal flow in the North but the data also highlights another important trend, and that is the growing success of our TMT industry.
"Having clearly achieved a lot in attracting investment, not just from the US but also increasingly from China and India, we now need to ensure that British businesses, across all the regions, have the tools they need to capitalise on the exciting opportunities that lie in the US."
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