-
Share
Chancellor Launches New Foreign Investment ‘Concierge’
“This service will drive investment across our United Kingdom, making sure that the world’s most innovative businesses can access the talent found in every corner of our country and that working people feel better off,” Chancellor Rachel Reeves said.
The UK government has launched a new ‘concierge’ service in an attempt to help global financial firms invest more readily and more easily into UK businesses.
The new service aims to cut red tape and remove barriers for global firms trying to break into the UK investment market.
“We said we would make it easier to create jobs and grow a business in our country and we’re delivering,” chancellor Rachel Reeves said.
“This service will drive investment across our United Kingdom, making sure that the world’s most innovative businesses can access the talent found in every corner of our country and that working people feel better off.”
The free service, delivered by the Office for Investment, is a partnership between HM Treasury, financial regulators and the City of London Corporation.
Financial services employ 1.2 million people across the UK, with more than half of those jobs located outside London. The Chancellor’s Leeds Reforms outlined her vision to strengthen Britain’s position as a global financial hub, and overseas investment – particularly from the US – helps deliver on the government’s plan for national renewal.
The new concierge, called The Office for Investment: Financial Services, aims to draw on the strengths of the UK’s financial services clusters to actively promote investment opportunities and help deliver the infrastructure that matters to working people across all of the UK’s nations and regions.
Recommended reading
- Scotland Top UK Spot for Financial Services Investment Outside London
- Edinburgh Named Top UK City for Foreign Investment
- EY: London Tops Europe for Foreign Tech Investment
The announcement follows a State Visit which saw the UK deepen its financial services links with the US.
A record £150 billion of inward investment from US companies was secured, creating more than 7,600 high-quality jobs across the UK in places like Glasgow, Warrington and the Midlands. The first ever UK-US tech agreement was also signed, focused on developing technologies which will drive growth like AI, quantum and nuclear.
