New Zealand Investment In The UK Increases

New Zealand Investment In The UK Increases

Inward investment into the UK from New Zealand has increased, bucking the global trend, which saw inward investment figures drop around the world.

New Zealand was among the top 20 investors into the UK, ranking 16th, up from 19th last year. A total of 24 NZ companies have set up in the UK in the last year.

The UK High Commissioner to New Zealand, Vicki Treadell, says “The continuing strong results from New Zealand clearly demonstrate the high level of interest New Zealand companies have in the UK market – it’s the natural European investment destination for New Zealand. For many Kiwi companies the UK is the best place to start their international business experience. We work the same way and talk the same language.”

The High Commissioner added that “ the continued strength of the Kiwi dollar, as well as the UK’s overall attractiveness as a destination for foreign investment, means it’s a great time for Kiwi businesses in the UK. Science & Innovation capabilities are a key attraction, and NZ companies are accessing one of the strongest R&D bases in Europe. ”

The British Prime Minister David Cameron said at a conference in London: “Britain is determined to deliver the pro-business environment investors need; getting the deficit down to create certainty and stability, cutting business taxes, delivering flexible employment and cutting red tape and regulation.

Whether your company is established here, expanding here or relocating here Britain is back open for business and it’s going to be better than before – and better than the competition.”

The total number of investment projects in the UK declined by 7 per cent but the UK suffered far less than other areas of the world. Investment into Europe dropped by an average of 10 per cent and global investment flows declined by around 40 per cent.

The UK remains the leading destination for European headquarters with 277 companies locating there, a 10 per cent increase. It continues to be home to more European headquarters than all the other European economies combined.

ENDS

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