UKTI_come_to_the_uk
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1 Presentation title - edit in the Master slide Business is GREAT Come to the UK You’re Welcome UK Trade & Investment Zuzana Štěpanovská , Investment Advisor Brno, JIC – Czech Republic, 4 th June 2015 ENLARGE YOUR BUSINESS INTO THE UK
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Transcript of UKTI_come_to_the_uk
1 Presentation title - edit in the Master slide
Business is GREAT
Come to the UK
You’re Welcome
UK Trade & Investment
Zuzana Štěpanovská, Investment Advisor
Brno, JIC – Czech Republic, 4th June 2015
ENLARGE YOUR BUSINESS INTO THE UK
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UKTI provides services to support new investors in the UK as well as to further expand export businesses
Investment Exporting
▪ Access and introductions to the right people
▪ Advice and support on setting up in the UK
▪ In-depth report tailored to your business needs
▪ Help selecting the best location
▪ Tax advice
▪ Ongoing government support once you’ve arrived
▪ Support with visas and entry to the UK
▪ Help finding top quality staff
▪ Tailored assistance for entrepreneurs
▪ UK Advisory Network access to trusted commercial providers
▪ Passport to Export for new and inexperienced exporters
▪ Gateway to Global
▪ Growth for experienced exporters
▪ Export Marketing
▪ Research Scheme to investigate a potential export market.
▪ Overseas Business
▪ Risk advice
▪ Market visits and trade missions
▪ Overseas Market introduction
▪ Service to access research, identify contacts and plan
events
▪ Seminars, webinars and events in the UK and overseas
▪ Tradeshow Access
▪ Programme support to attend overseas exhibitions.
▪ Open to Export community-driven website for SMEs
▪ Export
▪ Communications
▪ Review to assess communication with overseas customers
UKTI has more than 1,200 staff in over 100
overseas markets
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A few executive thoughts on investing and expanding in the UK:
„UK is business-friendly and open
to CEE products”
J. Kulpa, Export Director, Fakro
„In the UK there’s a highly positive
approach to investment”
V. Horký, CEO, Brand Embassy
„The UK is one of the most
business-friendly environments”
Z. Vasvári, CEO, BoatForRent.com
„In UK we get support at every level:
from 10 Downing Street to UKTI”
P. Grimwood, CEO, Nestle
„Being in UK certainly was a
springboard for us”
G. Ell, CEO EMEA, Yammer
„The UK has been most open,
free and fair area to work in”
P. Vandrevala, CEO, Diligenta
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Agenda
• UK as a top destination for business expansion
• Choosing your location
• UKTI Support
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There are many reasons for which UK is the top investment destination
Vast market opportunity
Favourable business
environment
High quality of life
Easy access to talent
Attractive tax regime
• 6th largest economy in the world
• Excellent international accessibility
• Robust infrastructure
• Enterprise zones
• Ease of set-up and operation
– Language
– Stable business environment & efficient legal system
• High standard of living, appreciated by relocating international executives
• Rich cultural heritage easily accessible language-wise
• Educated & flexible workforce
• 4 of the world’s top ten universities
• Strong research base
• Reduction of corporation tax to 20% by 2015
• Most competitive tax regime in G20
• R&D tax credits, Patent Box
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The UK provides many advantages for investors and has become the top foreign investment location in Europe
Vast market opportunity 1
6th largest
economy in
the world
Largest IT
industry in
Europe
2nd largest
aerospace
industry in the
world
Access to
500+ mil.
consumers in
Europe
Advanced
transportation
systems (air,
rail, road, sea)
Financial and
trade centre
Hub for
Innovation
and R&D
63 million
people
1st place for
foreign direct
investment in
Europe
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UK is the 2nd most innovative country in the world
Vast market opportunity – Global Innovation Index 1
Country Score (2014)
1 Switzerland 64.78
2 United Kingdom 62.37
3 Sweden 62.29
4 Finland 60.67
5 Netherlands 60.59
6 United States of
America 60.09
7 Singapore 59.24
8 Denmark 57.52
9 Luxembourg 56.86
10 Hong-Kong 56.82
… … …
28 Slovenia 47.23
Source: Global Innovation Index 2014
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The UK takes the 10th place globally when it comes to ease of doing business
Favourable business environment - Ease of doing business
▪ Rankings are based on the
average of the economy’s rankings
on 10 topics:
– Starting a business
– Dealing with construction
permits
– Getting Electricity
– Registering Property
– Getting Credit
– Protecting investors
– Paying taxes
– Trading across borders
– Enforcing contracts
– Resolving insolvency
Country Ease of Doing Business Rank
UK 10
Ireland 15
Germany 21
Netherlands 28
France 38
Poland 45
Spain 52
… …
Slovenia 33
Slovakia 49
Hungary 54
Bulgaria 58
Romania 73
Czech Republic 75
Croatia 89
Source: World Bank, Doing Business 2014
10th place
globally
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The UK is ranked as an easier place to start a business than many other major European economies
Favourable business environment - Ease of set-up of operations
▪ The UK is ranked as an easier place to start a
business than many other major European economies
▪ You can register your company in just 24 hours in the
UK. All high street banks can offer business banking
services with online comparison tools available to
compare costs.
Source: World Bank, Doing Business 2014
Country Ease of Starting a Business Rank
UK 28
France 41
Italy 90
Germany 111
Poland 116
Spain 142
… …
Slovenia 38
Hungary 59
Romania 60
Bulgaria 65
Croatia 80
Slovakia 108
Czech Republic 146
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There are 24 Enterprise Zones across England providing a wide range of benefits
Favourable business environment - Enterprise zones
Source: OFCOM – The European Broadband Scorecard, OFCOM Infrastructure Report 2013 Update
Industry No of zones
Advanced manufacturing / engineering 17
Aerospace 10
Agri Food 4
Automotive 5
Business Services 8
Chemicals 1
Construction 4
Creative industries 5
Energy 14
Financial Services 3
ICT 5
Industrial biotechnology 4
Low Carbon Industry 7
Pharmaceuticals & Healthcare 10
Retail & Logistics 4
Security 1
Transport 5
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Benefits
▪ Co-location with customers
▪ Business rate (property tax)
discounts
▪ Available infrastructure
▪ Simplified planning and
construction
▪ Tax relief on investments
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The UK ranks among the top countries in several topics in the OECD Better Life Index
High quality of life – Leading dimensions
Source: OECD 2014
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The UK is home to 7 of the top ten universities in Europe and provides access to numerous research institutions
Easy access to talent - Europe’s top universities and research centres
Source: QS World University Rankings 2014
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1 University of Cambridge
2 Imperial College London
3 University of Oxford
4 University College London (UCL)
5 ETH Zürich
6 King’s College London
7 University of Edinburgh
8 Ecole Polytechnique Federale de Lausanne
9 Ecole normale superieure, Paris
10 University of Bristol
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UK is renowned for providing international investors with the best combination of labour market attributes in Europe
Easy access to talent - Educated & flexible workforce
Source: World Bank, Doing Business 2013
▪ UK has:
– one of Europe’s largest workforces;
– flexible labour regulations;
– very high labour force participation rates;
– a wide range of foreign language skills
underpinned by English, the global language of
business
▪ Rigidity of Employment Index
– Measures:
- how difficult it is to hire a new worker,
- how rigid the restrictions are on
expanding/contracting the number of working
hours,
- how difficult/costly it is to dismiss a worker
– 0 to 100 scale, higher values indicate more
rigid regulation.
Country Rigidity of
employment (2013)
UK 10
Ireland 10
Hungary 22
Germany 28
Italy 29
Spain 31
Netherlands 42
France 56
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By April 2015, UK’s corporation tax will reach 20% being the lowest in the G20
Attractive tax regime
UK corporation tax rates
2013/14 Profit (£)
Small companies’ rate 20% 0-300,000
Marginal relief 300,001-1,500,000
Main rate 21% 1,500,001 or more
Country Main corporate tax
rates
France 33.33%
Germany 29.58%
Spain 30%
Italy 31.4 %
Netherlands 25%
UK (2014) 21%
UK (April 2015) 20%
Additional tax incentives include the Patent
Box (reduced tax on revenues from patents)
and R&D tax credits (discounts on R&D
expenditures)
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Enables companies to apply a lower Corporation
Tax rate to profits earned from its patents
Requires exclusive licenses-in patents granted
by the UK Intellectual Property Office, the
European Patent Office, and the Patent of
selected countries (incl. Czech Rep., Slovakia)
Example of Patent Box reduction:
FY 2015
Profit £1,000
Corp tax rate 20%
Patent Box 10%
Revenue from Patent Box 60%
Patent Box tax paid £60
Revenue from Non-Patent Box 40%
Non Patent Box tax paid £80
Total Tax £140
Effective rate 14%
Attractive tax regime - Patent Box 5
The UK Government has introduced a preferential regime for profits arising from patents, known as a Patent Box
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Agenda
• UK as a top destination for business expansion
• Choosing your location
• UKTI Support
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Choosing a location is one of the most important business decision you can make
Source: Encyclopaedia of Business 2nd edition
It impacts the bottom line
▪ It impacts your transportation costs
▪ It effects the employee costs
▪ It impacts your office costs
It impacts the top line
▪ It impacts your brand image
▪ It effects your potential customer and
partner base
It strongly impacts your success!
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A company can save more than 7,000 GBP per employee yearly if they relocate to South East instead of London
35,000
28,000
25,000
+25%
London Yorkshire South East
Source: UK Office for National Statistics 2013
Costs – Median Labour costs in GBP per annum by region in 2013
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100 sq m office rent for 10 years in Reading compared to London could save a company more than £20,000 yearly
Source: Cushman & Wakefield, UK Regional Office Market Briefing, Q4, 2013
538
328
264
+64%
Leeds London Reading
London Reading
Leeds
Costs – sq m Office rent prizes GBP per annum in 2013
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There are numerous ways to find information about your new office space
Source: http://instantoffices.com, , www.mwbex.com
Information providers – External sources
Instant offices
MWB Business exchange
instantoffices.com
mwbex.com
Examples
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Local Invest is a reliable and free source about Locations in the UK
Source: https://www.localinvestuk.com/invest-by-sector,
Information providers – Local Invest
www.localinvestuk.com
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Agenda
• UK as a top destination for business expansion
• Choosing your location
• UKTI Support
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As a fully integrated advisory service UK Trade & Investment will support any aspect of your plans to expand into the UK
▪ Dedicated, professional assistance on
locating and expanding your business in the UK
▪ We are a FREE & CONFIDENTIAL service to
support your UK expansion and growth to be as
efficient as possible, helping you with:
– Links with centres of excellence (e.g.
universities);
– Information on tax, regulatory and business
planning issues;
– Information on financial incentives;
– Information on staff recruitment, retention and
training programmes;
– Assistance with immigration issues
Site and property search
Visiting the UK
Building key contacts
Aftercare
Maximising your global potential
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How can we start cooperation?
Contact the local UKTI Inward Investment Team
Start a conversation about your plans and how we can assist you
Benefit from our support! Support through our UK - based project manager
You can contact Your Central & Eastern Europe UKTI Investment team at:
STEP 1 STEP 2 STEP 3
You can contact Your Central & Eastern Europe UKTI Investment team at:
