The UK investment Why the UK Is the best place for investment The UK is one of the leading locations in the world. A rich and diverse market with world class industries including life science , ICT, creative,financial and professional business services and automotive engineering . The UK offers an attractive location for business With easy access to consumers , product innovators, Suppliers and partners. The UK maintains this highly attractive conditions for business and investment . The UK Gov's plan for growth drives coordinated action that seeks to create the most competitive tax system in the G20 The legal system supports and protects business interests , and cuts to bureaucracy are reducing burdens on business . 2 The UK industrial strategy The UK’s Industrial Strategy is a partnership with businesses, local government and educational institutions in the UK and overseas to ensure the UK remains one of the best places in the world to innovate, do business, to invest and create jobs. The strategy invests in the skills, industries and infrastructure of the future and supports the citizens and businesses to embrace and benefit from the opportunities of technological change 3 Policies include: IDEAS • Raising total R&D investment to 2.4 per cent of GDP by 2027. • Increasing the rate of the R&D tax credit to 12 per cent. • Investing £725m in new Industrial Strategy Challenge Fund programmes that make the most of new technologies and capture the value of innovation. PEOPLE • Establish a technical education system that rivals the best in the world, to stand alongside our world class higher education system. • Invest in maths, digital and technical education, helping to boost science, technology, engineering and maths (STEM) skills. • Create a new National Retraining Scheme that supports people to re-skill, beginning with a focus on digital and construction training BUSINESS ENVIRONMENT • Launch and roll out Sector Deals - partnerships between government and industry aiming to increase sector productivity. The first Sector Deals are in life sciences, construction, Artificial Intelligence and the automotive sector. • Drive over £20bn of investment in innovative and high potential businesses, including through establishing a new £2.5bn Investment Fund, incubated in the British Business Bank. • Launch a review of the actions likely to be most effective in improving the productivity of small and medium sized enterprises, including how to address the ‘long tail’ of less productive businesses. 4 According to Office National statistics IPP fell by record 5.4% in Quarter 1, 2021, reflecting decreased investment in purchased software . This follows a 1.3% annual increase in IPP investment during 2020 , driven in part by firms purchasing software to facilitate changes in working conditions brought about by coronavirus pandemic. 5 Uk Foreign investment According to fresh numbers released today (22nd June) by the Department for International Trade, foreign investment created 55,319 new employment across the country last year (DIT). Nearly 48,000 new employment were created as a result of government assistance, with DIT working directly with the investing firms and providing services to smooth their entry into the UK. Despite the global economic downturn caused by the epidemic, the UK remains one of the most attractive investment destinations in the world, with 1,538 FDI projects planned for the 2020/2021 fiscal year. The UK economy demonstrated its fundamental strengths by attracting foreign investment. The United States remains our largest investor, followed by India. 7