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Benefits of the UK for inward investors.
The United Kingdom is the most favoured inward investment location in Europe, attracting around 40 per cent of Japanese, US and Asian investment into the EU. The reasons for its popularity are many as it has a great deal to offer overseas companies. Fast, easy access to the EU single market (the world’s largest market with 380 million consumers), a highly skilled, flexible, English-speaking workforce, and an environment which allows business to prosper.
Companies based in the UK are well-placed to do business in the global marketplace. Britain’s integrated transport network provides fast, low-cost delivery throughout Europe. The UK’s comprehensive and toll-free motorway and road network links all industrial centres to air and seaports, and every location in the UK is within 100 miles of a container port. The Channel Tunnel links the UK by road and rail to the rest of Europe, and both Paris and Brussels are just three hours’ journey from London by rail.
The UK has 28 million skilled and adaptable workers, and high standards of education with a strong emphasis on vocational education and training. Labour market regulations in the UK, including working hours, are the most flexible in Europe, and staffing costs are highly competitive. The UK has a strong science and technology base, with world class design, research and development disciplines. Many UK universities and scientific institutes are taking part in collaborative research projects with businesses.
Finally, the UK’s business environment gives every incentive for companies to grow, innovate and compete in a global marketplace. It has the lowest utilities costs in the European Union, and a telecommunications industry that is one of the most advanced in the world. There are tax allowances available for companies setting up in certain areas of the UK. Plus, the UK has the lowest main corporation tax rate of any major industrialised country, and there are no additional local taxes on profits.