If you are thinking of opening an office, plant or R&D facility in Europe, then you have to consider locating it in the UK. One reason: nearly all other companies do - and they can’t all have got it wrong.
The United Kingdom is by far the biggest recipient of inward investment in the European Union – currently holding over 20% of all the inward investment stock in the 27 EU countries.
Globally, it has been the second biggest recipient of inward investment since the 1980s - second in the world only to the United States. This is a remarkable fact given the relative size of the UK’s economy.
So what is the attraction of the UK? Among the main reasons are:
- The UK is a major market in its own right as the sixth largest economy in the world.
- A base there gives you guaranteed access to the European Single Market - the biggest market in the world comprising 500 million consumers in 27 countries since January 2007.
- The UK has the most open and business-oriented economy in Europe.
- Its flexible labour market is one of the world’s least restrictive systems.
- UK corporate tax rates are among the lowest in Europe.
- It is the best country in Europe in which to raise new capital.
- It is the home of the English language - the official language in more than 60 other countries, and the accepted international language of business, science and technology.
- It offers an experienced and professional welcome to inward investors.
- It has a large number of affordable sites and premises.
- Labour costs are well below the EU average.
- It offers a wide range of grants and incentives.
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