As it is announced that the UK is the fifth most popular destination for Foreign Direct Investment (FDI) in the world, and London remains as the most attractive city for FDI, Mark Brownridge, Director General of the Enterprise Investment Scheme Association (EISA) asks whether UK investors need to work harder in a post-Brexit Britain.
Mark is of the opinion that: “The UK is in an incredibly important stage in its history. Brexit is throwing up some uncertainty, but the UK remains a top destination for FDI, with London remaining as the top city for FDI, and Manchester, Liverpool, and Birmingham in the top 20 cities in the world. As the international doors of investment could be flung open in March 2019, the buoyant alternative investment scene may become more competitive and UK investors need to plant their flag in the ground of our entrepreneurial economy now.
UK investors have many opportunities to not only support new and exciting SMEs but also to support their wider economies. With schemes such as the EIS, local investors should take advantage of these to benefit from new opportunities that Brexit may bring and support the best of British business. I am optimistic for British businesses after Brexit, but we must not become overly reliant on one revenue stream, such as FDI, and must look to diversify nationally and internationally to ensure our businesses and cities remain world class.”