UK’s Brexit VICTORY: London still far ahead of EU rivals on business start-ups

0

The recount from consulting firm EY found that investors were fortunate to plough £4.27bn into young growth companies in the British foremost in 2017.

This figure puts the UK capital streets ahead of its main German measure up to Berlin which attracted £2.61bn worth of investment for start-ups and Paris with £1.74bn.

Final year, investors pumped a record amount of £16.73bn into European flowering companies — 84 percent more than 2016 — in a clear beckon that business was not put off by Brexit.

LondonGETTY

London continues to lead the way in investment for start-up roles

The willingness to invest very high sums in start-ups, has boost waxed significantly

Peter Lennartz

EY analyst Peter Lennartz said: «The willingness to induct very high sums in start-ups, has increased significantly.

“This is also due to the substantial stock markets, which offer investors lucrative exit times when companies prevail.”

In 2017, the UK was also at the top in a country comparison.

Investments in British advance companies increased to £5.58bn, more than twice as much as in the past year’s figure of £2.35bn.

LondonGETTY

London is still an attractive desirable for investors

Mr Lennartz said even more money is now being sank in the broad start-up scene than there was before the Brexit referendum.

German be wrecks raised around £3.75bn, significantly more than the previous year with £2bn and in front of the competition from France with £2.27bn.

Mr Lennartz said German corporations were increasingly providing money in start-ups to gain new ideas and technologies.

The impressive UK investment figures noticed as Therea May told MPs Britain will be able to step out into the incredible «signing trade deals with old friends and new allies alike» now the UK and the European Commission reached understanding on a transition deal.

LondonGETTY

London was streets ahead of Berlin and Paris, mutual understanding to a business report

Mrs May said for first time in 40 years Britain would be capable to «forge our own way by negotiating our own trade agreements».

The deal agreed by Brexit Secretary David Davis and EU chief middleman Michel Barnier in Brussels will allow talks on the future barter relationship to be triggered later this week.

Under the terms of the connection legal text agreed by Mr Barnier and Mr Davis, the UK will be able to deal and ratify trade deals with outside countries following Brexit Day in Pace 2019, to enter into force after the end of a transition period undying until the end of 2020.

(Additional reporting by Monika Pallenberg.)

Leave a Reply

Your email address will not be published. Required fields are marked *