For those wanting to learn more about international business location costs, a useful report has been published today by KPMG. The Competitive Alternatives 2014 report is particularly interesting for the 19 industry-specific business operations costs analysis. Definitely number crunching joy for your inner geek.
As the debate continues about which city is the number one tech location in Europe, property advisers Colliers International have produced a very useful report Media & Technology iQ which examines how the tech industry is impacting on the property market in Europe, and where the tech activity is happening.
In the report London is viewed as Europe’s number one tech hotspot, with Berlin ranked in second place and Dublin in third. Rising tech stars highlighted, include Cork, Eindhoven, Helsinki, Manchester, Stockholm and Tallinn.
The excitement of setting up a business in a new overseas market is often tempered by all the regulations and legislation that needs to be addressed by the new entity. To help with this inconvenience, some national investment promotion agencies have produced guides on what needs to be considered for their market, as have various firms of accountants and lawyers around the world. However in our experience, most of these guides make things seem even more complex and baffling. So, well done to Fitzgerald and Law who have written an upbeat, plain speaking and easy to read guide on all the things you need to know about establishing a business in the UK.
Do you think we now have too many city rankings to deal with? A very interesting report by Jones Lang LaSalle looks at the urban world through 150 city indexes. Yes…one hundred and fifty…
It seems like every day up pops a new place ranking, listing top performers in this, that and the other. We are finding that investment promotion agencies are now suffering from “rankings anxiety” and they seem to be taking all these rankings too seriously.
We need a consolidation to make things more manageable, so for the FDI world we need to rank the city rankings in terms of their actual influence on corporate location decision-making. Great…another index to deal with…
Croydon is being bold in its bid to attract inward investment by offering free business rates for a year (scheme ends March 2015) for small and medium sized businesses (employing less than 250 employees; with a turnover less than £40mn) expanding or moving in to premises in Croydon Town Centre. It seeks to attract more than 50 businesses through this scheme and is particularly targeting companies active in technology, media and telecommunications, engineering and financial services.
Looking forward to seeing the results of the fDi Magazine European Cities and Regions of the Future 2014/15. From the perspective of FDI Strategy, there are some smart investment promotion agencies operating in Europe, but are they getting their fair share of FDI?
For companies looking for business growth opportunities, the Emerging Europe initiative is a useful resource to identify trade opportunities arising in and from Central and Eastern Europe. We have had lots of good experiences in this dynamic market area and in particular are great fans of Estonia, Poland and the Ukraine. It makes sense to look East.
The number one tech employment location in the UK is…Wokingham according to a recent KPMG report Tech Monitor UK. This is where the business parks scattered along the M4, M3 and M25 motorways in London/the South East dominate the tech employment numbers, accounting for the Top 10 tech job clusters in the UK. The much promoted Tech City centred around Old Street Roundabout in London seems to have got lost through the data analysis but still gets a mention, and as the tech start-ups in the area continue to grow, will hopefully move to the top of the rankings in future assessments.