The chancellor has launched a new “concierge” service that aims to encourage international finance firms to find promising investments in UK businesses.
Described by the Treasury as a “one-stop shop” for global finance firms interested in the UK, the concierge service, which sits within the Office for Investment, will help these companies pick locations, navigate regulation and understand the British business environment.
“We said we would make it easier to create jobs and grow a business in our country and we’re delivering,” said Chancellor Rachel Reeves.
“This service will drive investment across our United Kingdom, making sure that the world’s most innovative businesses can access the talent found in every corner of our country and that working people feel better off.”
The service was launched by the Treasury in partnership with financial regulators and the City of London Corporation.
“We want international financial services firms to expand in the UK – investing, creating jobs and fuelling growth while delivering great outcomes for consumers,” said Nikhil Rathi, head of the Financial Conduct Authority (FCA).
“We’re making it easier for firms to set up, thrive and grow, maximising the UK’s attractiveness as a place to do business.”
The Office for Investment programme is co-located in Westminster and the City of London and follows on from the chancellor’s Leeds Reforms, which aimed to encourage growth in the finance sector across the UK.
“The service embodies the strength of public–private partnership, harnessing industry, government, and regulatory expertise to create a streamlined and fully integrated offer. It will make the UK the most attractive destination in the world for financial services,” said Chris Hayward, policy chairman of the City of London Corporation.
“For investors worldwide, this represents an unparalleled opportunity to engage with a world-class ecosystem built for growth, innovation, and long-term success.”
