On Tuesday 10th January the news broke that Snap, the company behind Snapchat, is setting up an international office in Soho, London. This involves expanding the existing office and UK workforce and handling all sales from countries outside of the US (as well as recognising the accompanying revenue).
Following the EU referendum in June 2016, which yielded an unexpected Leave result, London Mayor Sadiq Khan launched the #LondonIsOpen campaign to show that London is united and open for business. So undoubtedly, the Mayor will be as delighted as we are to hear that the UK has jumped 5 places to 10th position in the World Bank league table of business-friendly tax regimes.
London has a world-renowned reputation as an economic and cultural powerhouse, catering to both the lone hot-desking entrepreneur to some of the largest companies in the world. So you’ve decided to set up business in London but are wondering what exactly makes London the number one choice for foreign investment?
Many businesses and potential investors will be uncertain as to what the future will bring as a result of the UK’s decision to leave the European Union following June's referendum.
The UKTI Inward Investment Report for the financial year 2014/2015 concludes that the UK represents the number one destination for foreign direct investment (FDI) in Europe with England and more specifically London being at the top of the list.
It takes more than just money and good intentions to drive innovation. Training engineers, subsidising start-ups and building futuristic spaces all play their part, but if it were so simple, how come Chengdu’s Software Park is failing to attract China’s talent? And how come Moscow’s Science City is struggling to bring its robotic brilliance to market?