Business, Innovation and Skills written question – answered at on 9 February 2012.
To ask the Secretary of State for Business, Innovation and Skills what steps he is taking to encourage European businesses to expand their activities within the UK.
holding answer
To encourage investment into the UK, from Europe and elsewhere, the Government continue to focus on ensuring that the UK offers investors a globally competitive business environment for them to grow their business. This includes: creating the most competitive tax system in the G20 by cutting the main rate of corporation tax from 28% to 26% in April 2011 and to 23% by 2014—the lowest rate in the G7 and fifth lowest in the G20, and making the UK the best place in Europe to start, finance and grow a business by focusing on reducing the regulatory burden on business.
The UK also has a dedicated support service for companies looking to invest in this country—the Inward Investment Services Network. This service, delivered by United Kingdom Trade & Investment (UKTI), offers individually tailored support, and a single point of contact, for overseas businesses wanting to establish or expand their operations here.
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