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Financial > Funding > Inward Investment
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This term relates to the opening of a business outside its natural domestic base.
Whilst the most common examples would include the decision by BMW to open a new factory in Britain to produce engines for the Mini to replace the previous facility in Brazil, it can equally be applied to regional migration within the UK
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You may find that grants and tax concessions made available by economic development agencies, the government or local authorities make it more attractive for you to open your business elsewhere.
Rates of pay vary greatly from one part of the UK to another and this is also true for most materials or services that you may require.
Savings can also be made in terms of the environmental impact of the business in some circumstances and so it is worth asking what the alternatives are before pressing ahead with a local start-up.
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