October 22, 2024 Investing in the UK
“The UK has significant and historic strengths that are the foundations of a vibrant, global economy.”
Those opening words come from ‘Invest 35,’ a paper which sets out the UK Government’s industrial strategy. Released in tandem with a Government-led International Investment Summit held on 14th October 2024, the paper sets out some of the UK’s strengths in areas such as research and service provision, aided by a strong and diverse workforce. Taken together, these help to promote entrepreneurship, with the UK hosting the world’s third largest venture capital market.
One key area highlighted in the paper is that of the global reach of UK trade; with, according to the paper, the UK having ‘one of the most globally connected economies in the G20.’ Moreover, that international outlook is not confined to one geographical region. So, for example, Glasgow builds more small satellites than any other region of Europe, 10% of the global FX market is found in Belfast, Wales is at the forefront of the global compound semiconductor industry, whilst Lancashire is in the top four regions in the world for aerospace production.
This diversity of expertise was reflected in the investment announcements which were made as part of the Investment Summit. Many of these projects reflected the green agenda with wind farms, carbon capture, and recycling included in the mix. Reflecting the UK’s research strengths, artificial intelligence and health research also came in for a mention; whilst international transport links will be further strengthened with a new freight terminal at Immingham and the expansion of Stansted airport.
Commenting on the summit Business and Trade Secretary Jonathan Reynolds said: “We’re determined to deliver economic growth in every part of the UK and these investments, together with our forthcoming Industrial Strategy, will give global businesses the certainty they need as we lead the charge for the innovation and jobs of the future.
Businesses looking to invest in the UK have the benefit of an open, transparent and investment-friendly jurisdiction. Whether buying a UK company or setting up a UK subsidiary, organisations have the option to choose an investment model which best suits their international portfolio.
Of course, as with any jurisdiction there are certain rules and regulations which have to be observed. Whether looking at domiciliation services, UK subsidiary services, or the Register of Overseas Entities, Elemental has the expertise to advise and assist organisations to meet their legal, financial and regulatory obligations.
