UK remains number one in Europe for investment
皇冠体育app UK retains pole position as the most attractive investment destination in Europe, for the eleventh year in a row.
皇冠体育app UK has received a major vote of confidence from foreign investors after retaining its lead as Europe鈥檚 top inward investment destination for the eleventh year running.
According to Ernst & Young鈥檚 annual European Attractiveness Survey, the UK has once again out-performed other European business destinations, attracting 18% of all FDI. 皇冠体育app UK has a 10% lead over Germany and attracted almost 50% more investment than France.
UK Minister of State for Trade and Investment Lord Green said:
Although world markets have been affected by economic uncertainty, the ongoing strong flow of foreign direct investment continues to have a transformational impact on the UK, helping to create and sustain a globally attractive, highly competitive and truly international economy.
UK Trade & Investment鈥檚 Asia Pacific Investment Director Kirstyn Boyle said:
皇冠体育app UK government鈥檚 ongoing commitment to a flexible labour market and business deregulation has paid dividends. Corporate tax rates have been reduced and R&D tax incentives have increased. This year we introduce a new patent box, meaning innovators can benefit from a 10% tax.
皇冠体育app report showed that the UK attracted 30% of all European software projects - highlighting the success of the UK Prime Minister鈥檚 鈥楾echCity鈥� initiative in East London and new technology acceleration projects rolling out across the UK. Innovative, fast growing digital and technology firms are flocking to London, taking advantage of attractive shared office spaces, incubation projects and support from industry leaders such as Google and Cisco.
Ms Boyle said:
Investors have been driving jobs growth in the UK and business confidence is high. While US and European investors are aware of the new dynamism in the UK, Asian investors are less well connected. Given inflationary labour rates across Asia Pacific, it is worth taking another look at the UK. Productivity is high and labour costs are now very competitive. A great deal of manufacturing and advanced engineering is being 鈥榬e-shored鈥� to the UK as a result. Three major automotive investments are going ahead - Nissans fully-electric 鈥楲eaf鈥� is being produced in the North and both Vauxhall and Jaguar Land Rover are ramping up with new investments.
Further information
皇冠体育app full report can be found at