1 / 31

UK Trade & Investment

Business is GREAT Come to the UK You’re Welcome. UK Trade & Investment. Ostrava, 12 th June 2014. Why UK ?. There are many reasons for which UK is the top investment target destination. Attractive tax regime. Favorable business environment. Reduction of corporation tax to 20% by 2015

nerice
Download Presentation

UK Trade & Investment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business is GREATCome to the UKYou’re Welcome UK Trade & Investment Ostrava, 12th June 2014

  2. Why UK ?

  3. There are many reasons for which UK is the top investment target destination Attractive tax regime Favorable business environment • Reduction of corporation tax to 20% by 2015 • Most competitive tax regime in G20 • R&D tax credits, Patent Box • Enterprise zones • Ease of set-up and operation • Language • Stable business environment & efficient legal system Vast market opportunity • 6th largest economy in the world • Excellent international accessibility • Robust infrastructure Easy access to talent High quality of life • 4 of the world’s top ten universities • Strong research base • Educated & flexible workforce • High standard of living, appreciated by relocating international executives • Rich cultural heritage easily accessible language-wise

  4. Ease of Doing Business in the UK 10th place globally • Annually the World Bank ranks the ease of doing business globally. The 2014 rankings on the ease of doing business 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 Source: Doing Business 2014, The World Bank, International Finance Corporation

  5. UK Universities • The UK is home to the top 4 universities in Europe and 7 of the top ten: • 1University of Cambridge, UK • 2University College London, UK • 3Imperial College London, UK • 4 University of Oxford, UK • 5 ETH Zürich, Switzerland • 6University of Edinburgh, UK • 7 Ecole Polytechnique Federale de Lausanne, Switzerland • 8 Kings College London, UK • 9 Ecole normale superieure, Paris, France • 10 University of Bristol, UK Image Library - General - 2013

  6. UK Labour Costs are very competitive compared to other major European locations The UK has the lowest labour costs per hour out of ten major European locations. (in EUR per hour) • 40.1 • 38.4 • 38.0 • 34.3 • 33.2 • 31.3 • 29.0 • 28.1 • 21.1 • 20.9 • 10.3 Sweden Denmark Belgium France Netherlands Germany Ireland Italy Spain UK • Czech Republic Source: Eurostat – Hourly Labour Costs 2013

  7. The UK should have the fastest • broadband of any major European • country by 2015

  8. UK Taxation and Government Support for R&D

  9. The UK Government is committed to creating the most competitive tax regime in the G20 • The standard rate of corporation tax in the UK is 21%.The specific rates for UK corporation tax are detailed in the table below. The UK’s main corporate tax rate is competitive against other major European markets. Source: HM Revenue & Customs 2014 Source: Deloitte, 2014, UKTI Tax Information Sheet • The main rate of corporation tax • will be reduced by an additional 1 percent in • April 2015, so it reaches 20 per cent, • the joint lowest level in the G20.

  10. UK Government Support for R&D Patent Box • Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned from its patented inventions • You can benefit from the Patent Box if your company owns or exclusively licenses-in patents granted by the UK Intellectual Property Office, the European Patent Office, and the Patent Offices of certain other European countries • Example of Patent Box reduction:

  11. UK Government Support for R&D R&D Tax Credits • There are two schemes for claiming relief, depending on the size of the company or organization: • The Small or Medium-sized Enterprise (SME) Scheme: tax relief on R&D costs is 225% - for each £100 of qualifying costs, the income on which Corporation Tax is paid is reduced by an additional £125 on top of the £100 spent • The Large Company Scheme: tax relief on R&D costs is 130% - for each £100 of qualifying costs, the income on which Corporation Tax is paid is reduced by an additional £30 on top of the £100 spent Source: UKTI, 2013

  12. UK opportunities in the Automotive industry

  13. The UK Automotive sector is one of the most advanced in the world The UK A The UK Automotive sector is one of t

  14. The motor industry in the UK has a strong future and is at the heart of the low carbon agenda UK is home to… …eight Formula One teams (supported by more than 300 companies, employing nearly 50,000 people in motorsport valley) …seven volume car manufacturers …six commercial vehicle manufacturers …11 bus and coach manufacturers …more than 10 niche and specialist vehicle manufacturers Source: www.smmt.co.uk/industry-topics/uk-automotive-sector

  15. The UK motorsport sector is a global leader, thanks to its dominant role in both managing & serving the Formula 1 and other racing series The Force India F1 team are located at Silverstone, Northamptonshire The Mercedes F1 team are located in Brackley, Northamptonshire The Marussia F1 team are located in Banbury, Oxfordshire The Caterham F1team are located in Hingham, Norfolk The Lotus-Renault F1 team are located in Enstone, Oxfordshire The Red Bull Racing team are located in Milton Keynes, Buckinghamshire The McLaren F1 team are located in Woking, Surrey The Williams F1 team are located in Grove, Oxfordshire

  16. The UK Government is committed to the automotive industry • Promotes sustainable programmes • Provides incentives • Provides valuable network • Low Carbon Vehicle Procurement • R&D and tax credits • The Automotive Council • Niche Vehicle R&D • Advanced Manufacturing Supply Chain Initiative • Industry associations, e.g. Society of Motor Manufacturers and Traders (SMMT), MIA, Automotive Distribution Federation (ADF) • Low Carbon Vehicle Innovation • High Value Manufacturing Catapult • Low carbon technology funding • Technology Strategy Board • Knowledge Transfer Networks

  17. UK opportunities in the Aerospace sector

  18. UK offers vast market opportunities for the Aerospace Sector UK has a world beating aerospace industry, second only to the United States

  19. The Aerospace Industry enjoys a government commitment to strengthen the UK’s competitiveness in the global market • UK Government supportsUK-based aerospace projects by providing a repayable launch investment • Nearly £1.9 billion has been invested over the last 25 years • Government organisations provides attractive grants, e.g. • TSB’s £5m highly innovative technology enablers for aerospace competition • EPSRC £1m fund to undertake R&D focusing National Aerospace Technology Strategy • Government actively represents and supports UK-based companies overseas • There is continuous dialogue between Government & aerospace business leaders & supply chain (e.g. The Aerospace Business Leaders Group)

  20. UK opportunities in the ICT sector

  21. How does UK ICT market make the headlines? UK is Europe’s leading market for software and IT services Market value of £58 bn pa MARKET UK has 52m internet users and over 228,000 online retail businesses UK share of online retail is 12%, considerably higher than any other European market & user online retail spend is highest in Europe (€1333/pa) M-Commerce is projected to increase by 53% this year generating > £4.5 bn Most significant market in Europe, early adopters, moving from online to mobile

  22. Tech City (London) - digital, creative & tech Cambridge– hardware, networks, digital health Brighton- gaming, animation, apps Thames Valley - software Bristol - animation Manchester/Liverpool- media, animation, apps Glasgow/Edinburgh- software, gaming Belfast – security, mobile, software Birmingham - software, serious gaming There are 9 major ICT & Creative Industries Clusters in the UK

  23. Tech City represents the Digital Capital of Europe • Fast growing cluster of >1300 technology, digital and creative companies in East London • Tech City is not a single building or technology park but a community • Major companies committed to Tech City: • A magnet for entrepreneurs, corporates, venture capital and talent

  24. Belfast in the Northern Ireland is another UK destination for ICT growing business Strengths: cyber security, software development & integration, mobile, telecoms Key companies: BT, Openwave, BroadSoft, IBM, Seagate, Aepona (Intel), Asidua Talent: Queens U.Belfast, ECIT-CSIT, U.Ulster, Virtual Worlds-Serious Gaming Added values: Propel (entrepreneurs), Investment funds, NI Science Park, low latency

  25. There is a wide range of funding opportunities for the ICT companies based in the UK • Technology Strategy Board - Government funded body to drive innovation and technology development within the UK • Funding for technology that is closest to market • Matched (typically 50%) funding basis • IC Tomorrow - stimulates innovation & economic growth in the digital sector by supporting SMEs and early stage entrepreneurs • Catapults- Physical locations to help businesses transform ideas into new products & services • Connected digital economy, Future cities, Transport systems… • Smart awards - Proof of concept/market/prototype grants • Knowledge Transfer Partnerships - support university/SME collaborations • Knowledge Transfer Networks - events, funding & networking

  26. UK opportunities for start-ups

  27. UK has well-developed accelerator programmes (Seedcamp, Ignite 100, Tech Stars, Entrepreneurial Spark, Entrepreneur First, Healthbox, Wayra….) Strongest VC environment outside of the US Vibrant Business Angel community Fast growing start-up clusters (e.g. Tech City) Dedicated incubators & co-working spaces for start-ups in key clusters e.g. Ideaspace (Cambridge), Innovation Warehouse (London), Level 39 (Canary Wharf) UK is very committed to supporting start-ups

  28. Working with UKTI

  29. UK Trade & Investment can help you reach your global growth objectives We build relationships in-market We provide advice, intelligence and support We bring in specialists, advisors and delivery partners in the UK Our services arefree and confidential

  30. With Local Enterprise Partners and Devolved Administrators UKTI offers a broad partner support network for the investors Business & Industry Sectors Markets UK Trade & Investment Local UK Investment Services Team Local Enterprise Partners & DA‘s On the target location in the UK, Investment Services Team (IST), together with LEPs and Devolved Administrations (DA‘s) will support the new investor

  31. Interested in expandingyour business to UK? Giveme a callat: +420 725862597 Or email me at: tomas.ptacek@ukti-cee.com

More Related