Foreign owned companies are being encouraged to invest in the UK by a major new programme.
The UK Market Access Program (UKMAP) offers businesses from around the world a wide range of support to help manage the risk and commitment of setting up in the UK to encourage them to grow their businesses in the UK over the long term.
The UK Government has introduced a new and very valuable incentive aimed at encouraging new companies to start up in the UK outside the area of London, the South and the South East of England.
With effect from 6th September 2010, and continuing until 5th September 2013, newly established businesses (including all those at the EBS and University of Warwick Science Park offices) can receive a holiday from the first GBP 5,000 of social costs paid to the first 10 employees who start in the company for the first 12 months that they are employed.
The Government has released more information on it’s website.
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Our latest newsletter includes items on incentives for new businesses, the increase in UK VAT, and the new UK Market Access Program.
The rate of VAT in the UK will increase from 17.5% to 20% for all transactions taking place on or after 4th January 2011.
For more information on VAT in the UK, please see our VAT Quick Facts sheet
The following seminars are planned for 2011:-
May 24th: Aarhus
September 11th: Seinäjöki in partnership with Seinäjöki Science Park
Please contact Martin Williams to register.
Better Business with Britain