2. Paul Caplis
Head of Inward Investment
UKTI Dublin – 15/11/2013
November 2013
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3. UKTI in Ireland and around the world
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UK Trade & Investment in Ireland.
Where? British Embassy Dublin
What? British Companies export and Irish
Companies set up in the UK
UKTI has more than 1,200 staff in over 100
overseas markets and around 400 people across
UK regions, working locally to support UK
businesses and overseas investors.
Devolved Administrations
UKTI Dublin 15/11/2013
UKTI has more than
1,200
staff in over
100
overseas markets.
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4. Why invest in the UK? (1)
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A magnet for FDI: leading FDI destination in Europe.
Corporation tax: 28% in 2010 now reduced to 23%
April 2014: 21% - April 2015: 20%
Universities: Three of the world’s Top Ten
More than 100 science parks.
Enterprise Zones.
One of the largest and most diverse creative and digital
industry sectors in the world.
European centre for professional services and world’s
leading global financial hub in London.
UKTI Dublin 15/11/2013
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5. Why invest in the UK? (2)
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Easy to set up and operate
Transparent legal and regulatory environment.
International transport links.
Over 70 airports and 40 major ports
Customers, product innovators, suppliers and partners are
easily accessible.
Well-educated, motivated and flexible workforce.
UK labour regulations are among the most business-friendly
in Europe.
UKTI Dublin 15/11/2013
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6. UKTI investment services (1)
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Impartial advice on where and how to set up
a business in the UK.
Guidance on set-up procedures, e.g.
corporate structure, registering a company
In-depth, tailored information and advice, e.g.
premises, tax, R&D collaboration, visas.
Access to lists of professional service
organisations which can support a company’s
move to the UK.
Practical help in the UK (visits to locations,
accessing financial incentives etc.).
Assistance in finding new partners and
expanding business.
UKTI aims to provide the most
effective end-to-end service possible
for inward investors.”
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7. UKTI investment services (2)
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UKTI assists investors not only to set up but also
to thrive and grow once they are established.
This includes:
– access to our best-in-class export-support
services;
– an understanding voice in Government for
investors’ needs and concerns;
– ongoing tailored support to help investors
to grow in the UK.
UKTI’s strategic relationship management will
build Government’s understanding of the
requirements of important inward investors.
UKTI Dublin – 16/05/2013
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8. UK Government measures attracting
inward investment
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Cutting corporation tax to 20% in 2015.
Committed to remaining one of the most open
countries in the world for ease of doing
business.
Major investment in education and training
Introduction of the “Patent Box”: 10% tax rate
for profits attributable to patents.
R&D tax credits.
Ongoing investment opportunities through the
Life Sciences Investment Organisation, Tech
City and other R&D ‘clusters’.
Visas for entrepreneurs and investors.
UKTI Dublin - 15/11/2013
Plans for
£250bn
in infrastructure
investment
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9. Inward Investment - achievements
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In 2011-12 the UK secured 1,406 investment projects,
which created 52,741 new jobs and safeguarded 59,918 jobs
Irish Investment in the UK: Total number of Investment
projects from Ireland to the UK was 46, creating and
safeguarding 2,809 jobs in FY 2012-13
From 2003-2012, over 60 % of all reported Irish FDI went
into London followed by Belfast at 14% and Manchester at
over 7%
Ireland the 11th Largest Investor in UK – book value £12.1bn
UKTI Dublin – 15/11/2013
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10. Investment – recent Irish successes in the UK
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Greencore expansion in Somerset,
production facility at Evercreech: 120 -150
new jobs
KTL: New UK operation base in Milton
Keynes, Buckinghamshire...
Established in 2012 with 100+ new jobs
Mainstream Renewable Power and Glen
Dimplex continues it’s UK expansion with its
renewable energy projects.
Realex Payments: UK presence in London
Sword Security: Growing in the UK and
beyond.
We have always benefited from
the UK's dedicated and highly
skilled workforce."
Eric Le Corre, Managing Director, Michelin UK
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11. Current priorities – Olympic business legacy
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London 2012 Olympics & Paralympics widely
regarded as the ‘greatest’ Games ever, and
showcased Britain at its very best to the
world.
Irish Success in the London 2012 Games:
-13 large scale projects won by Irish
companies
- CompeteFor website: 850 registrations from
Ireland
-Highest number of overseas registrations
UKTI Dublin 15/11/2013
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12. Conclusion
UK & Ireland are important markets for each other
The UK is an ideal market for Investment
We are based in Dublin and we can help
UKTI Dublin 15/11/2013
Paul Caplis
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