The chancellor has launched a brand new “concierge” service that goals to encourage worldwide finance companies to seek out promising investments in UK companies.
Described by the Treasury as a “one-stop store” for international finance companies within the UK, the concierge service, which sits throughout the Workplace for Funding, will assist these firms decide places, navigate regulation and perceive the British enterprise atmosphere.
“We mentioned we’d make it simpler to create jobs and develop a enterprise in our nation and we’re delivering,” mentioned Chancellor Rachel Reeves.
“This service will drive funding throughout our United Kingdom, ensuring that the world’s most modern companies can entry the expertise present in each nook of our nation and that working folks really feel higher off.”
The service was launched by the Treasury in partnership with monetary regulators and the Metropolis of London Company.
“We would like worldwide monetary providers companies to broaden within the UK – investing, creating jobs and fuelling progress whereas delivering nice outcomes for customers,” mentioned Nikhil Rathi, head of the Monetary Conduct Authority (FCA).
“We’re making it simpler for companies to arrange, thrive and develop, maximising the UK’s attractiveness as a spot to do enterprise.”
The Workplace for Funding programme is co-located in Westminster and the Metropolis of London and follows on from the chancellor’s Leeds Reforms, which aimed to encourage progress within the finance sector throughout the UK.
“The service embodies the energy of public–non-public partnership, harnessing trade, authorities, and regulatory experience to create a streamlined and totally built-in supply. It would make the UK probably the most engaging vacation spot on this planet for monetary providers,” mentioned Chris Hayward, coverage chairman of the Metropolis of London Company.
“For buyers worldwide, this represents an unparalleled alternative to have interaction with a world-class ecosystem constructed for progress, innovation, and long-term success.”
