2: Review programmes to attract foreign companies to your country.

Question 2: Review programmes to attract foreign companies to your country.

Programmes to Attract Foreign Companies to the UK: The position of the United Kingdom, in respect to both geography and business culture, places it at the centre of diverse markets and sectors collection. The market of the UK is an open market with diversified economies that offer various opportunities to the investors for accessing the domestic market and using the location as a gateway towards the rest of the world (PwC, 2013).

 

As per the reports that have been presented by Deloitte LLP (2019), the inward investment projects in the UK, within the past three years, have been $140 billion of capital from 3,900 investment projects, which is more than Germany and France combined. Moreover, about 57 per cent of the Fortune 500 companies have positioned their European headquarters in the United Kingdom. Although the debate associated with the prospective economic affect of Brexit continues occupying a crucial amount of the media attention, however, there exists no agreed conclusion regarding the same (EYGM Limited, 2018.).

As per the reports of Deloitte LLP (2019), between the period of 2015 to 2018, the UK has been successful in attracting about 6.7 per cent of the global FDI (Foreign Direct Investment). The major aspects that make the UK attractive to the global businesses, include the following:

1. Gateway to Europe:The position of the UK in the time zone, along with English language advantage are considered as favourable aspects of the UK for making investments by the Asian and American investors. Moreover, the UK is also perceived as good entre point into the businesses that seek to expand further into Europe (Deloitte LLP, 2019).
2. Stable and Pro-Business Environment:The stable and pro-business environment of the UK, along with its consistent socio-political system, flexible labour market, and tax and regulatory systems are considered as major attraction for investments by the international investors (Deloitte LLP, 2019).
3. Talent Pool:The depth that is associated with the talent pool in the UK offers flexibility that is a major differentiator. The capabilities of the UK in the specialised technological areas like high performance computing, is also considered to be significant (Deloitte LLP, 2019).
4. Entrepreneurship and Innovation:The UK is favoured by its wide consumer base, network of fast growing as well as innovative domestic small medium enterprises that the businesses with presence in the UK can develop partnership with. This allows the foreign investors to growth further in the UK, thereby making it an attractive market for growth (Deloitte LLP, 2019).