
The latest PwC annual CEO survey states that the UK has emerged as the second most attractive country for investment. This is surpassing Germany, China, and India and is a “vote of confidence in the UK,”. Around 14% of global CEOs believe that the UK will attract significant international investment, trailing only the US at 30%. Optimism among UK chief executives has increased. With 61% expecting economic growth in the next year, this is up from 39% in 2023. Despite concerns over rising debt and recent changes to NI legislation etc. over half of UK CEOs plan to expand their workforces. A PwC UK executive stressed the importance of maintaining a consistent government approach to business and investment. It shows the importance of the UK’s relative stability at a time of instability.
BFS Comment:
This is somewhat surprising in view of recent negative press and speculation over the actual intentions of the new USA administration. Having said this, increasing investment in UK firms is undoubtedly to be encouraged. The only concern would be on two conditions relating to investment from overseas:
- That any overseas investment does not lead to control of the companies invested in being transferred overseas.
- UK-generated innovation & technology is not inadvertently lost to overseas competition.
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