Business sectors within the region
Financial & Business Services
Food & Drink
- International support
- Business Growth
- Financial support
- World wide offices
- Starting up
About the region
- Our towna nd cities
- Living here
- Economic climate
- Business Locations
In any country, setting up a business means knowing and adhering to strict rules and regulations. But in the UK, the stable economic framework and a culture geared to encourage enterprise help to ensure the process is a comparatively smooth one.
Setting up here is quicker than in many other European countries. According to the World Bank’s ‘Doing Business in 2006’ report, launching a business in the UK takes 18 days, which is lower than the OECD (Organisation for Economic Co-operation and Development) average.
Finding premises, recruiting staff and registering as a business here are all more straightforward than in many OECD countries. A flexible labour market, low corporate tax rates and dedicated support agencies, such as the British Midlands team, mean it is easy to get a new business off the ground. The infrastructure and geographical location of the UK and the British Midlands, in particular, guarantee instant access to a sophisticated European customer base.
For new businesses deciding where to base their operations, the British Midlands offers an especially attractive package. Office rents and warehouse costs are competitive, and labour costs are 11% lower than the UK average. Businesses located here are also benefit from the region’s productive workforce and high level of investment in research and development.
“The British Midlands team has been indispensable ever since we first met. They’ve helped with everything from finding the premises and providing information about labour availability and salary guidelines to the little things like helping me apply for a driving licence.” Vipul Vachani, Jaival
To download a guide to the process of setting up a business in the UK, click here.