The UK is the most favored inward investment location in Europe, attracting over 40% of all investment from the United States.
The British Midlands region, which lies at the hub of the UK, covers an area of over 11,000 square miles. The region includes Birmingham the second largest city in the UK, Nottingham identified by the government as being one of the ‘powerhouses of our economy’ and regional anchors of Coventry and Northampton.
Distinguished for its technical industrial base, advanced engineering, information technology infrastructure and transportation links, the Midlands region dominates in growth. The region has a total population of over 10 million and a workforce of 5.2 million people. The GDP is in excess of £100 billion (15% of the UK total) equaling that of London or the South East of England.
The quality and appeal of the British Midlands to international companies is demonstrated by the fact that over 1,000 companies have chosen the Midlands for their European HQ and manufacturing operations. Some of the global leaders include AT & T, IBM, Gap, EDS, Capital One, 3M, Fujitsu, Capgemini, Northrop Grumman, Rolls-Royce, Marconi and Celestica.
The British Midlands continues to excel in new growth due to:
- Labor costs 11.2% below the UK average.
- Largest commercial center outside of London with over 370,000 companies.
- Office rents 35% lower than London & the South East.
- 17 universities with the highest number of first class degrees in the country and world class higher education and scientific institutions, collaborating with business on researchand development projects.
- over 98% of the UK population within 4 hours truck drive.
You can learn more about The British Midlands from the following links:
UK Business Parks, Excellent Infrastructure, Transportation and Logisitics, Biotechnology Suppliers, European Research Areas, Information Technology Services, Aerospace Business Defense, Serious Games Development, Business Expansion, Economic Development Corporation.