UKTI investment in UK
“Tech City is key to Britain’s high-tech future. UKTI is committed to bringing innovative investment to East London, and to every part of the UK.â€
Why the UK?
The UK provides an unrivalled and highly cost effective environment for global companies to thrive.
It is a recognised leader in the fields of creativity and innovation, and is the sixth largest economy in the world, with a GDP of US $2,174 billion. The World Bank report ‘Doing Business 2011’ states that the UK is the best place to do business in the EU and the G8, and the UK topped the Ernst & Young European Attractiveness Survey 2011 as the most attractive destination for FDI.
Setting up in the UK
The UK is the easiest place to set up and run a business in Europe (World Bank: ‘Doing Business 2011). It ranks first in Europe and fourth in the world for ease of doing business.
“We chose London specifically because of its excellent infrastructure, the ease of setting up and operating a business, the access to highly skilled staff and the ability to find partner companiesâ€
Ravi Kumar, Zanec
UK Tax and regulatory environment
The UK is an internationally competitive location for tax. Advantages include one of the lowest main corporate tax rates in the EU, generous tax allowances and competitive personal rates, the most extensive network of double taxation treaties in the world and low social welfare contributions.
The UK is joint first with the USA in the world for Product Market Regulation (PMR). It has the least barriers to entrepreneurship in the world and has the third fewest barriers to trade and investment in the world.
Springboard UK
The UK is the number one gateway to Europe, giving easy access to the 27 member states of the European Union, the world’s largest single market. It offers world-class transport links – with Heathrow’s new Terminal 5 , and more expansion planned for international airports, sea containers and the rail network.
“London is an energy capital, an unequalled business and financial centre, and a global transportation hubâ€
Ma Weihua, President, China Merchant Bank
UK labour market
The UK’s labour market is one of the worlds’ most flexible. This factor combined with its strong skills base in the UK is reflected in its excellent record of attracting major foreign investors from all over the world.
Innovation, research and creativity in the UK
The UK is one of the world’s leading locations for commercial and academic R&D and creative industries such as film and TV production and computer gaming. With world-class universities and research institutes involved in undertaking leading-edge R&D in all business sectors, many leading companies have already made considerable investments in R&D activities across the UK.
Quality of life in the UK
UK residents enjoy a high standard of living, education and recreation. Publicly funded health care is free to all and there is a rich cultural heritage and abundance of leisure facilities.
