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Germany tip choice for businesses seeking to leave UK post-Brexit

  • January 31, 2017

In a arise of Brexit, 14 percent of UK companies contend they will immigrate some or all of their activities to Europe, with Germany being a many appealing republic for businesses, a new investigate shows.

The survey, published by veteran services organisation EY on Tuesday, showed that 54 percent of companies in a UK now see Germany as a many appealing end in Europe, followed by a Netherlands (33 percent).

More unfamiliar investors are looking to boost their investments in Germany after Brexit, a investigate also shows. Due to a intensity sensitivity of a markets in a UK, Germany seems to be charity a some-more secure alternative.

In a consult of 254 comparison business executives with unfamiliar investments, 56 percent designed on flourishing their participation in Europe post-Brexit. Of that 56 percent, 21 percent pronounced they designed on augmenting operations significantly. 

This is a vast disproportion compared to a prior consult finished in May 2016 before a Brexit vote, when usually 31 percent pronounced they had a certain investment opinion for Europe.

Of those recently surveyed unfamiliar investors, 40 percent saw Germany as being a many appealing investment destination, adult 2 percent on final year.

The consult also highlighted what unfamiliar investors like about Europe, citing a talent, ability for innovation, and a large, integrated market. Britain’s exit from this singular marketplace competence explain a pierce of investors towards Germany and a rest of Europe.

Foreign investors were also captivated by a resurgence of Eurozone markets, that grew by 1.7 percent altogether in 2016, notwithstanding Brexit and a appearing elections in France, a Netherlands, Italy, and Germany.

The consult shows some-more intensity doubt for investors after Britain’s referendum result, with 71 percent of companies stating during slightest one area of operations being affected. Perhaps even some-more worrying is a explanation that usually 4 percent of comparison executives contend they were well-prepared for Brexit, and that one in 10 companies contend they have no skeleton for when a UK leaves a EU.

However, Brexit was not a biggest worry for investors, with domestic instability in a European Union and a intensity dissection of a EU still tip of a list of concerns.

Article source: https://www.thelocal.de/20170131/germany-more-attractive-for-investors-post-brexit

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