25 Jul ENTERING THE UK MARKET AND EXPANDING GLOBALLY
Have you ever wondered why the United Kingdom is a magnet for big businesses and innovative startups? Well, it’s not just the fish and chips or the iconic double-decker buses pulling them in!
The UK is a hotbed for multinational companies, particularly in innovation and tech. Companies of all sizes have their global or European management centres located in the United Kingdom.
The country’s robust and adaptable business environment encourages steady growth, trade, and investment, enabling it to build a prosperous consumer base with significant buying power.
The widespread adoption of the English language, internationally recognised as the global lingua franca, a robust legal framework, a supportive financial landscape, a strategic geographic position within the prevailing time zone… All contribute to solidifying the United Kingdom’s standing as one of the most favourable markets to establish, expand, and flourish in the world of business.
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If you’re eager to grow your business in the UK, a market brimming with over 60 million potential customers and an unwavering dedication to investing £100 billion in infrastructure, consider these four crucial points:
1- Tax Advantages and Incentives
The UK has the lowest corporate tax rate among the G7 countries, with most of the net global wealth, making it highly competitive in Europe. In addition to the business-friendly nature of the British Isles, several tax deduction opportunities that provide flexibility to local and global companies attract investors.
2- Talent and Labour Force
The United Kingdom, renowned for attracting global talent, is a beacon among Europe’s top economies. With labour costs that are more competitive than Italy, France, and Germany, the UK boasts the largest workforce in Europe. Its flexible labour laws, world-class universities, and diverse, highly-skilled workforce make it an ideal destination for businesses looking to expand.
3- Innovation & Sustainability: A Dynamic Duo
With its impressive standing on the Global Innovation Index and as the chosen location for the European headquarters of industry leaders like Google and Amazon, the UK fosters a dynamic entrepreneurial environment. Its prestigious universities are at the cutting edge of advanced research and technology, and the government’s substantial incentives make it a lucrative centre for R&D initiatives. This, coupled with a comprehensive intellectual property system and superior digital infrastructure, makes the UK an irresistible springboard to prosperity for businesses worldwide.
But the UK’s appeal doesn’t stop at innovation. Sustainability, an essential agenda item in today’s world, is another area where the UK is leading the charge. With its existing technology and groundbreaking research, the UK is paving the way in the transition to a net-zero carbon economy. Over the last 30 years, the UK has demonstrated that economic success and environmental responsibility can indeed go hand in hand. The UK government was the first major economy to adopt a legally binding obligation to reach net zero greenhouse gas emissions by 2050. It’s delivering on this commitment with a ‘Ten point plan for a green industrial revolution’, a strategy that has already generated 68,000 green jobs and attracted £22 billion in private investment.
4- The Power of Infrastructure and Freeports in the UK
The most extensive air transport system in Europe is located in the UK. In addition, a robust energy grid backed by the world’s largest offshore wind farm puts the UK at the forefront of clean energy generation. In addition to the advanced road and railway system, the opportunity to benefit from 100 seaports reveals the strength of the infrastructure.
What is more, Freeports are new hubs for global trade, investment, and innovation within the UK that create a favourable environment and exciting opportunities for businesses to grow. The government is working to establish Freeports across the whole of the UK, offering a host of tax benefits and a flexible new customs procedure.
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Seize the Future with Innogate UK: Your Passport to Global Expansion!
The vast and enticing opportunities for expanding into the UK market are abundantly clear. For investors aiming to stay ahead in the global competition, this is where Innogate UK steps in. The Innogate International Acceleration Program pledges unwavering support at each phase of your journey. With Innogate UK, you can refine your strategy and preparation process alongside a team of seasoned experts. Seamlessly unite your company with the perfect business partners. Procrastination is not an option! Act now to secure your position in the esteemed Innogate International Acceleration Program!