More international businesses have come to Milton Keynes over the last year than anywhere else in the country outside of London.
17 foreign businesses either relocated here or were acquired by firms based in the city in the last financial year.
The report by UK Trade and Investment body revealed more than 3,000 jobs were either created or secured with foreign companies over the past year.
Councillor Rob Middleton, cabinet member for resources, efficiency and growth, said: “As international businesses increasingly make Milton Keynes their UK home, our reputation as the engine room of the regional economy becomes ever stronger.
“Over the coming months, we are committed to ensuring that the benefits of new international investment are felt far and wide, through local well-paid jobs, and greater opportunities for our community of small businesses.”
The UKTI report heaps praise on the South East Midlands Local Enterprise Partnership, which promotes prime growth location for business, investors and visitors in the area.
It put SEMLEP in the top 10 of 39 local enterprise partnerships in the UK.
Pam Gosal, head of corporate economic development and inward investment, said: “With enviable statistics such as these, it’s no surprise that Milton Keynes has helped SEMLEP achieve another top 10 ranking out of 39 local enterprise partnerships for Foreign Direct Investment successes.
“At InvestMK we play a vital role in attracting and retaining companies from abroad, as well as the domestic market, providing crucial information on locations, demographics and other associated factors which decide whether a company will say ‘yes’ or ‘no’ to coming to Milton Keynes.”