The reasons for its popularity are many as it has a great deal to offer overseas companies. Fast easy access to the EU single market (the world's largest market with 500 million consumers), a highly skilled, flexible, English-speaking workforce, and an environment, which allows business to prosper.
Companies based in the UK are well placed to do business in the global marketplace. Britain's integrated transport network provides fast, low-cost delivery throughout Europe. The UK's comprehensive and toll-free motorway and road network links all industrial centres to air and seaports, and every location in the UK is within 100 miles of a container port. The Channel Tunnel links the UK by road and rail to the rest of Europe, and both Paris and Brussels are just three hours' journey from London by rail.
The UK has 30 million skilled and adaptable workers and high standards of education with a strong emphasis on vocational education and training. Labour market regulations in the UK, including working hours are the most flexible in Europe and staffing costs are highly competitive.
The UK has a strong science and technology base, with world-class design, research and development disciplines. Many UK universities and scientific institutes are taking part in collaborative research projects with businesses.
Finally, the UK's business environment gives every incentive for companies to grow, innovate and compete in a global marketplace. It has the lowest utilities costs in the European Union, and a telecommunications industry that is one of the most advanced in the world. The UK has one of the lowest main corporation rates of the world's major economies, and there are no additional taxes on profits.