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Is UK good for Start-ups?

Yes, United Kingdom is an excellent choice for international businesses. Here are the Top 4 reasons:



UK offers stability for businesses

UK offers stability.

There is Political stability, Governments are democratically elected, Politicians are mostly sensible grown-ups, who conduct themselves professionally in the public. The Legal system is mature, and operates with Integrity, which means that a business can expect fair treatment if there are any issues.


Economically the country is leading the globe with stable Economic growth, reasonably controlled Inflation and ample Government spending to protect its citizens and Businesses.


The society is calm, believes in the legal system and goes through the appropriate channels to raise complaints rather than take to the streets.


UK offers low barriers to Entry for most industries

Barriers to Entry are relatively low for most industries. The Government has reduced Bureaucracy for setting up new business, in fact you can start a company in less than 1 hour for less than £100.


Access to Business Investment is fair for all businesses, there is no favouritism. Banks have a lending criteria which is made Transparent at the time of Lending application. When raising equity, USA's Silicon Valley is famous for its Bullish attitude, however, London has also been catching up.


International Entrepreneurs can easily set-up business in the UK, there are the usual KYC checks but no other real barriers.


UK offers robust Infrastructure to businesses

UK offers a Robust Infrastructure for businesses.

UK is most evidently known for the British Railways worldwide. Road network is developed throughout the country, including small villages and remote regions, thereby making Procurement and Distribution of Good easier.


There are ample Airports throughout the country, London City is right in the heart of London whilst Heathrow remains the busiest Airport of the country and offers good links to London. There are other Satellite airports including Gatwick, Stansted, and Luton which carries Business passengers as well as cargo.


Whilst the energy cost is one of the highest in the Europe, there is the promise of uninterrupted supply and Digital connectivity (Broadband and Mobile phone) is high speed for most of the regions. This allows a business to set-up offices in a quiet leafy town, where the rents are affordable without compromising on communications.


The distribution channels are sophisticated and mature, meaning you can procure packaging to courier with relative ease and get ease of access to your customers.


British workforce is world class

British workforce is one that is honest and operates with Integrity. This makes upscaling easier as you can trust them to do the right thing.


Workers are educated to a good standard, the experienced employees offer a balance of risk taking with governance, which means they plan well, think through the problem and act with professionalism when dealing with Suppliers, customers or even internally.


The country offers free healthcare, thus workers are in good health. The food supply chain is also closely monitored to ensure good quality of food.




 
 
 

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