
UK Chancellor, Rachel Reeves, has launched a new one-stop support service to make the sovereign state more attractive to global investors.
The new ‘concierge’ service will help global financial services firms pick locations, navigate regulation and get to grips with the Britain’s business environment – removing barriers to investment in the UK.
Reeves announced the fully operational Office for Investment: Financial Services during the IMF’s annual meetings in Washington DC.
The free service, delivered by the Office for Investment, is a partnership between HM Treasury, financial regulators and the City of London Corporation and delivers on commitments made in Reeves’ Mansion House speech to reduce regulatory uncertainty and make Britain the best place in the world to invest and do business.
Reeves said: “We said we would make it easier to create jobs and grow a business in our country and we’re delivering.
“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.”
Sam Woods, CEO of the Prudential Regulation Authority, added: “This new service will help financial services firms around the world invest and grow in the UK, and represents the latest development in the PRA’s ongoing push to boost UK growth and competitiveness.”