The UK is the most attractive location in Europe for foreign direct investment in technology, encouraging new IT jobs to be created, according to a report.
According to the most recent Ernst & Young European Attractiveness Survey, the UK and London are the most attractive country and city locations for foreign direct investment in hardware and software technology sectors.
Karl Havers, Ernst & Youung EMEA technology leader, said, "The UK software market is showing signs of growth returning, with cloud computing helping to drive the sector, which may see new IT jobs created. The UK is extremely well positioned to secure more of this investment."
The UK attracted 119 software projects and 49 software investments in 2009, the largest number in Europe. The US was the largest investor in UK's software sector.
"The UK maintains a strong domestic market for software products and services worth more than £8bn a year, with healthy growth rate forecast in the years up to 2013," added Havers.