Best Resources for Expansion in the UK
If you operate a company that is looking to take advantage of expansion opportunities in the United Kingdom, you no doubt recognise that your firm will face many challenges as it works to establish itself in a new and foreign market.
To successfully achieve your goals, you will need to be able to address each of these challenges in a timely manner.
Government Resources for Expansion in the UK
The UK government offers many support services for companies that are looking to expand. London recognises the importance of encouraging foreign companies to invest and grow here. The government has composed resources to facilitate provide as much information as possible. Below are a few resources for expansion in the UK you can use to land-and-expand
The government’s primary website is a must-read resource for any foreign company seeking to expand into the UK. There’s information about business legislation, funding requirements, tax issues and other vital concerns that your company needs to address.
While not exclusively a government-run support service, Tech.London does have the support of London’s local government. This is because it was created through a partnership involving IBM, Gust and the Mayor of London. So, it provides vital resources for businesses in the tech sector, because you can also gain valuable insight and assistance from job boards and events schedule.
Department for International Trade
The role of the Department for International Trade is to assist local businesses to expand overseas and to help external companies expand into the UK. The department is responsible for providing expertise and maintains a vast network of specialists who can facilitate growth.
International Business Programme
The Mayor’s International Business Programme was launched to assist high-growth businesses in London expand overseas. The goal is to create more and better jobs for the city’s citizens, and for foreign companies that looking to establish in the UK. This program offers a range of services so it focuses on promoting the UK as the ideal location for start-ups.
Private Sector Resources for Expansion in the UK
There are various private sector organisations that also offer critical support services. They provide advice and assistance to overseas companies that want to invest in the UK. Many of these services are focused on specific industries. Because of that, it ensures your business receives assistance from experts who possess the competence you need for success.
The UK has been active in promoting and encouraging tech firms to adopt the country as their home. London has since become a top destination for tech start-ups. Tech City is an organisation devoted to helping tech firms achieve because of this.
It works to attract the best tech professionals from around the world. The organisation concentrates on the challenges facing the industry, so they work with partner companies because they want to address issues that would otherwise threaten the industry’s growth and success.
London & Partners
London & Partners describes itself as the “Mayor of London’s official promotional agency” and has the hefty goal of promoting the capital city as a premier location for investment, employment, tourism and educational opportunities. Part of the mission involves efforts to attract trade from overseas, encouraging companies to establish a presence in London. They work in collaboration with the DIT and have partnerships the Mayor’s office.
London & Partners offers programmes to companies seeking to expand in the UK. So, it also works in partnership with the Mayor’s office because they want to encourage overseas investment.
The Sirius Programme
The Sirius Programme offers a support package designed to assist overseas entrepreneurs who want to expand into the UK. Because it is a joint endeavour with private sector, charities and the DIT, it has top thinkers involved. It’s a 12-month programme that offers help with visas, training, mentoring seed funding and office space.
So, these use these resources for expansion in the UK liberally, because they provide the guidance and support that your company will need to avoid any pitfalls. Take the time to find out about the specific resources because they will simplify your entry into the UK market.