The Netherlands reports uptick in investment from 372 foreign companiesStaff Writer | February 12, 2019
The Netherlands reported a strong uptick in direct investment projects from foreign companies in 2018, driven in part by a surge in Brexit-related relocations and expansions.
Europe 2.85 billion euros in capital investment
U.S. and Canadian companies like Timberland and MarketAxess tallied 85 direct investment projects in the Netherlands in 2018, accounting for slightly less than one-third of the 248 foreign investment projects that NFIA was directly involved in worldwide.
The North American projects generated 3,296 jobs and 1.205 million euros in capital investment in the Netherlands, with 28 marketing and sales office projects, followed by 15 European headquarters, 10 distribution centers and 6 manufacturing projects. By industry, information technology, services and life sciences & health projects led the way.
In 2018, the Invest in Holland network brought 42 companies, including the European Medicines Agency, to the Netherlands as a result of Brexit, accounting for 1,923 jobs and some 291 million euros in investments.
That number more than doubles the 18 companies that made a Brexit-related move to the Netherlands in 2017. In 2019, several companies, including Discovery and Bloomberg, have already announced their intention to invest in the Netherlands because of Brexit.
Additionally, the NFIA is talking with more than 250 foreign companies considering setting up operations in the Netherlands following Brexit. These are predominantly British companies, but also American and Asian organizations that are reconsidering their current European structure due to uncertainties caused by Brexit.
Ready to assist companies looking to establish and expand operations in the Netherlands, NFIA has North American offices located in Atlanta, Chicago, New York City, San Francisco and Toronto. ■