Conclusion
Despite the economic challenges faced by the UK, the recent success of the Investment Summit and the appointment of Poppy Gustafsson are clear signals of the government’s intention to position the UK as a global destination for investment and leverage enhanced FDI to accelerate economic growth.
The resilience and attractiveness of the country as a destination for FDI certainly remain evident from the latest statistics from the Department for Business & Trade. During the 2023/24 financial year, FDI generated 1,555 projects, resulting in 71,478 new jobs.
These numbers can’t be taken for granted and to ensure these figures increase in the future, the growing significance of Freeports and Investment Zones cannot be overlooked.
These strategic locations offer substantial incentives, including tax reliefs and simplified customs procedures, which are pivotal in attracting and retaining investment. Indeed, our report emphasises the transformative potential of these zones, particularly in cities like Aberdeen, Liverpool, and Newcastle. By fostering innovation and economic growth through targeted infrastructure and skills development, these areas are poised to become key hubs of economic opportunity.
In light of the positive developments and findings here, we call on policymakers and businesses to consider these findings and leverage the full potential of Freeports and Investment Zones, ensuring the UK continues to be a competitive and attractive destination for global investors.
Looking for foreign direct investment expertise?
Our cross-border experts work with businesses across the globe to help them invest in the UK. Our cross-border investment services include:
- Freeports and investment zones
- Possible entry strategies
- Investment restrictions and corporate structuring
- People and immigration
- Tax
- Real estate
- Ongoing legal issues as you start to establish your brand in the UK.
Working with our experts
Our international teams work closely together to give you fully integrated and seamless advice at a global strategic level.
If you’re looking to invest in Scotland, we can support you through our Scottish law firm – and one of the leading Scottish law firms – Wright, Johnston & Mackenzie. They provide a range of corporate, commercial and personal legal services to businesses and individuals.
We’ll get to know you and your business, so all advice is tailored to your situation from an early stage. As well as working with experts around the world, our dedicated international desks have a deep knowledge of their specific region and often have the language skills to match.
Rob Cowling
Head of Business Development
+44 (0)7552 164 354
robert.cowling@irwinmitchell.com