Business in The UK
Why Do Business In The UK
Despite enduring the COVID-19 pandemic like much of the world, the UK has successfully maintained its appeal as a global investment destination. According to Ernest and Young (EY), UK recorded 985 Foreign Direct Investment (FDI) projects in 2023, up 6% from 2022 and ranking it second in Europe. The UK’s share of all European FDI projects grew to 17.3% in 2023, an increase on the 15.6% seen in 2022. Companies choose to expand or move their businesses to the UK because it’s an ideal location to be in. More companies locate their European headquarters in the UK than anywhere else in Europe.
The UK has:
- Strong Economy – The UK has a strong and diverse economy, and according to the International Monetary Fund (IMF), it’s the fifth largest in the world. It is home to a range of industries, including finance, manufacturing, and creative services. Source here.
- Access a Skilled Workforce – The UK has a highly educated and skilled workforce, with around 44% of the population aged between 21 – 64 holding a university degree. Source here.
- Business support – The UK government offers a range of support services to businesses established in the country. They include financial support and grants, tax incentives and reliefs, business advisory and many more. Fore more information visit House of Commons Library.
- Strategic Global Location – While it is not part of the European Union (EU), the UK remains geographically close to Europe, providing access to one of the largest consumer markets in the world. This is made possible by the UK and EU’s Trade and Cooperation Agreement (TCA) that provides for a significant level of openness for trade in services and investment in many sectors. Read more.
- Innovation and Technology Hub – The UK is ranked 4th among the 132 economies featured in the Global Innovation Index 2023. Many of the world’s biggest and most dynamic companies – including Google, Facebook, Amazon, Coca-Cola – have chosen the UK as their European headquarters. Source here.
- Stable Legal and Political Systems – The UK has a well-established democratic governance ensuring consistency in policies and regulations, fostering confidence for investors and companies to grow, innovate, and operate securely in global markets.
- Strong Financial Sector – The UK has one of the most open, innovative and dynamic financial services sectors in the world. It accounts for 11% of the global fintech industry and is home to an estimated 2,500 fintech firms, with 6 of the top 10 fintech companies headquartered in London. Source here.
- Friendly business Environment – Investors can access a market of more than 60 million people, diverse suppliers and partners, and benefit from a range of programmes to help businesses of all shapes and sizes grow, including a £100 billion infrastructure spending commitment. Source here.
You can find more information about doing business in UK published by the UK Government here.
Useful Links
- Department for Business and Trade (DBT)
- British Chambers of Commerce – find your local chamber
- Ease of Doing Business to UK – World Bank Group
- Doing business in the UK – HM Government
- A guide to doing business in UK – Private Sector
- Scottish Africa Business Association (SABA)
- UK Parliament
- Commonwealth Business Communications
Travel to the UK
Flights
We are in the process of agreeing competitive discounts for British Chamber of Commerce members from British Airways – who are one of our key partners.
Passport and Visa
Check if you need a UK Visa here.
Apply outside the UK
You must apply online for a Business Visitor visa.
You’ll need to have your fingerprints and photograph (known as ‘biometric information’) taken at Visa Application Centre as part of your application.
Apply outside the UK: Visit the UK Visa Application Centre in Nairobi
VFS Global is the official partner of UK Visas and Immigration (UKVI).
Please note that once you have completed and paid for your visa application on GOV.UK, you will be directed to the VFS Global website to book an appointment at a Visa Application Centre, so your biometric data (fingerprints and photograph) can be captured.
Please note that you can opt for additional value-added services from VFS Global, designed to make your application process more comfortable and seamless. Click here for more information on this.
Their UK Visa Application Centre is located on Principle Place, School lane. Click here to view the map and their operating times.