Office for Investment Revamped to Attract International Investors
The UK government has unveiled a new Office for Investment (OfI), designed to attract strategic capital and support national growth. This initiative, as a part of the broader “Plan for Change”, aims to create jobs and improve innovation and productivity across several industries.
Over the last few years, around £100 billion FDI has come into the United Kingdom, while creating almost half a million jobs. The new office aims to continue this trajectory, aligning investor outreach with the nation’s modern Industrial Strategy.
New Structure Designed to Streamline and Strengthen Investor Confidence
The new Office for Investment promises a more coordinated approach to engaging with potential domestic and international investors. A central objective is to eliminate confusion by consolidating investment efforts under one umbrella, thereby creating a more streamlined experience for international stakeholders.
Target sectors include fast-growing fields such as clean energy, advanced manufacturing, and defence, alongside foundational industries like logistics, construction materials, and critical minerals. The OfI will also work directly on large-scale projects tied to the UK’s long-term infrastructure strategy and economic goals.
According to recent insights, including data from PwC’s Global CEO Survey, the UK is currently the second most attractive destination for investors globally, surpassed only by the United States. This favourable perception stems from its openness, robust legal framework, and broad access to global markets.
Global Investment Surge Fuels Job Creation and Innovation
Recent months have seen a wave of significant commitments from both domestic and overseas entities. Universal is planning a multi-billion-pound theme park and resort in Bedford, projected to bring a £50 billion uplift to the economy. Meanwhile, Oracle has pledged $5 billion to expand its cloud infrastructure in the UK, contributing to the country’s growing role in the global AI space.
Other notable pledges include:
- £10 billion by OCBC to drive investment from Asia-Pacific
- £24 billion partnership between The Crown Estate and Lendlease to develop housing and science hubs
- £3 billion regeneration plan in East Birmingham, including sports and leisure developments
- £1 billion from DP World to enhance maritime logistics at London Gateway
In the defence sector, MBDA’s £200 million investment is expected to create high-skill jobs, while manufacturers like Rolls-Royce and Knauf Insulation are injecting significant capital into facility upgrades and new construction.
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