From 2021, the region saw 11 property transactions amassing a total of £101.7 million. These transactions comprised over 1.1 million sq ft of industrial space, with the biggest draws being Motherwell, Coatbridge, and Cumbernauld. Premises ranged in size from 20,253 sq ft to 332,382 sq ft with sales values spanning £3.3m to £27.7m.

During the same period, North Lanarkshire saw a rise in employment in international businesses, up by 700 to 21,170, and a surge in turnover, from £3.9 billion to £4.4bn.

Councillor Louise Roarty, depute leader of the council, said: “These deals underpin North Lanarkshire’s position as an attractive location for business and property investors on the global stage and demonstrate confidence in the area’s economic profile and ambitions.”

Among the recent high-profile investments is Italian premium label manufacturer Eurostampa’s decision to establish a new state-of-the-art facility in Westfield, Cumbernauld. The £3.3m relocation from Glasgow almost doubles the firm’s previous factory space and is projected to create 90 new full-time equivalent jobs, while safeguarding an additional 12.

This move will enable Eurostampa to expand capacity, meeting increasing market demand and substantially reducing its carbon emissions. Furthermore, the new site provides direct links to major motorways, boosting logistical efficiency.

The Eurostampa investment was announced on the back of Scottish Development International (SDI) statistics which showed that more than 8,500 planned real living wage jobs were generated through inward investment across Scotland in 2022-23.

Other investors in North Lanarkshire’s economy span from across the globe including Bahrain, Germany, Canada, the US, Hong Kong and Guernsey.

Cllr Roarty added: “Eurostampa’s move is an exciting development for Cumbernauld and North Lanarkshire, bringing new jobs, investment and supply chain opportunities to the area.

“Around £234m of private investment was made here in the last three years, with more than £100m coming from overseas investment in the last two years.

“The fact that more overseas investment comes to North Lanarkshire is no surprise as the local conditions are enormously attractive with location, transport networks, workforce capabilities and innovation ranking highly.

“This clearly demonstrates that North Lanarkshire is the place to invest. The council is working to maximise every opportunity to create more jobs, grow the economy and foster inclusive growth.”

Eurostampa’s multi-million-pound investment has been supported by a £2.5m grant from Scottish Enterprise.

Steven Thompson, general manager of Eurostampa UK, said: “Eurostampa is making the single biggest investment in the company’s history here in Scotland and this underlines our commitment as a strategic supplier to the Scotch whisky industry.

“As a family business, investment is core to our strategy and we are delighted with the grant from Scottish Enterprise but also with the support that they have given throughout the project.

“As well as providing us with the capacity to meet our increasing customer demand our new facility in North Lanarkshire will provide us with the opportunity increase efficiency through an optimised manufacturing process that will put us well on track to achieving our sustainability targets.”

Gillian Shields of architects Convery Prenty Shields, said: “We are delighted to be providing architectural services on this exciting multi-million-pound project at Cumbernauld.

“This state-of-the-art printing facility, currently under construction by Heron Bros Ltd, will significantly increase Eurostampa’s capability to produce labels for the wine, spirits, champagne, food and chocolate industries.”