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Moy Park Makes it on to New Inward In vestment Track 50 League Table

10 June 2014

UK - Moy Park is the only company from Northern Ireland to make it on to the inaugural Sunday Times PA Consulting Inward Investment Track 50. The league table ranks overseas-headquartered multinationals by their UK staff number to shine a light on this important part of the economy.

Moy Park in Craigavon is the UK head office and European hub of Brazilian parent company Marfrig Global Foods. Employing over 8,000 people in the UK alone, Moy Park featured at number 45 in the league table.

Janet McCollum, Moy Park CEO said: “We are delighted to be listed in this prestigious league table. It demonstrates the significant contribution that we are proud to make to the UK economy supported by inward investment from our parent Marfrig Global Foods.”

The Inward Investment Track 50 is sponsored by PA Consulting Group and supported by UK Trade & Investment. It is compiled by Fast Track, the Oxford-based research and networking events company.

Colm Reilly, who leads PA Consulting Group’s economic development unit and is managing director of UKTI’s investment services said: “These are exciting times for UK inward investment and companies operating in Northern Ireland show what can be achieved. Britain is making good progress, but there is more to be done. Companies must learn to focus on developing technology that can help a variety of sectors, rather than serving the industries they have typically worked with.”

In total, the 50 companies featured employ more than 780,000 UK staff in full-time positions, a significant proportion of the 3 million people employed by the 45,000 overseas-based corporates operating in the UK.

The US and France are the parent countries of the largest number of companies on the league table, hosting 12 global head offices each. Almost half of the 780,000 UK staff work for services sector companies while manufacturing companies that feature on the league table employ 110,000 UK staff.

The UK is one of the top locations in the world for investment by overseas-based corporates and attracted $62bn of new investment in 2012, the highest level in Europe (source: Unctad World Investment Report).

The 45,000 businesses such investment has created employ 3 million people, accounting for more than 13 per centr of the country's workforce, and contribute at least 36 per cent of the total turnover in the UK (source: ONS).

TheMeatSite News Desk

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