The UK is the country attracting the largest number of foreign direct investment (FDI) projects in Europe, the world’s sixth largest retail-related FDI destination and also a mature consumer market with sixty million consumers.
According to the statistics by the Department for International Trade, the number of FDI projects implemented in the UK was growing year by year in the past five years. Besides, the UK attracted 2,265 projects in total and created more than 100,000 jobs from 2016 to 2017.
Occupying an important position in the British economy, the retail industry itself has contributed more than 5% of GDP of the UK and also driven the rapid development of other relevant sectors, i.e. manufacturing, logistics and media. There are nearly 200,000 retail enterprises in the UK, where 1 out of 9 positions is related to retail.
Chinese enterprises’ investment in retail and related sectors of the UK is growing. In addition to such traditional projects as merging the UK’s retail brands and establishing procurement & logistics centers etc. which tally with China’s consumption upgrade, an increasing number of Chinese enterprises and brands are attempting to enter the British market.
This small seminar aims at introducing the investment policies and environment for the retail and related sectors in the UK to potential investors. In addition to the officials from the Department for International Trade, Consulate General of the UK of Great Britain and Northern Ireland in Shanghai, visa office and development organizations of all regions, we also had the honor to invited Deloitte, Taylor Wessing and other professional institutions to share their experience in laws, financial affairs and other critical matters concerning investing in the UK.
About Department for International Trade (DIT)
The DIT is fully responsible for the UK’s trade worldwide and attracts foreign investment for British economy. As a special government agency, the DIT negotiates about international trade policies, supports business and offers diplomatic strategies for export-oriented trade.