Recent research from Pagefield reveals a significant increase in UK businesses' interest in the Middle East as an investment destination, with 36% of leaders viewing it as crucial for the next five years. This interest has more than doubled since previous measures. Additionally, Asia is gaining traction among UK firms. However, Europe remains the favored investment region. UK businesses demand more government support for international expansion, with emphasis on Free Trade Agreements and tax incentives as pivotal factors for driving overseas investment.
The data shows a clear shift in UK businesses' global outlook. While Europe remains a top priority, the sharp rise in interest in the Middle East and Asia signals a growing appetite for new, high-potential markets.
83% of UK firms say the Government must do more to support international expansion, with nearly a third identifying Free Trade Agreements (FTAs) as the single most important mechanism.
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