LS Legal News Bulletin
Tech Entrepreneurs: This is Your Sign to Choose the UK as Your Launchpad
Wednesday 9th August 2023
🚀 Renowned as an island of innovation, the UK is the world's premier destination for expanding tech businesses. Let us unveil ten reasons why:
1. Over the past decade, the UK has birthed 134 tech unicorns, surpassing the combined total of France and Germany.
2. The UK proudly holds one of the most digitally literate societies worldwide, offering a vibrant market for tech investments.
3. Pioneers in Life Sciences: Europe's top 25 biopharmaceutical organizations find their home in the UK. The UK boasts advanced capabilities in genomic sequencing and biobanking.
4. UK proudly hosts four of the top ten global universities, attracting the brightest minds worldwide.
5. Venture Capital Powerhouse: In 2022 alone, UK start-ups received $31 billion in venture capital funding.
6. Low Corporation Tax: With the lowest corporation tax rate among the G7 countries, standing at a mere 25%, the UK encourages inward investment.
7. Generous Capital Allowances: The UK offers one of the OECD's most generous capital allowances regimes. By introducing full expensing for qualifying business investments in plant and machinery for three years, the UK has implemented a remarkable £27 billion tax cut.
8. The UK is expanding its research and development (R&D) investment by an astounding £5 billion, aiming to reach £20 billion annually by 2024/25.
9. The UK has introduced new and improved globally competitive visa programs. These include visas tailored for high-potential graduates from prestigious global universities and visas specially designed for fast-growing businesses.
10. Half of Europe's fintech unicorns call the UK home. The UK is committed to building a pro-investment tax regime and becoming the world's best place to conduct business.
💡 Join the vibrant tech ecosystem and reshape the tech industry's future in the United Kingdom, where innovation thrives, and tech businesses flourish.
