The UK provides one of the most welcoming regimes for inward investment. It is hardly surprising that the US channels around 40 per cent of its EU investment into the UK.
Sheffield's attractiveness to investors is actively supported by the central UK Government through:
- One of the lowest labour costs in the EU, thanks to the low level of mandatory employer contributions
- A skilled, flexible and highly motivated workforce who enjoy one of the highest levels of take-home pay in the EU, owing to low taxation rates
- The lowest corporate tax rates of any of the major EU economies
- A quick and easy procedure for the formation of a new company in the UK