North East England has the largest and possibly the best equipped public sector facilities in the UK. Is it worth looking into whether your business could flourish here?
Companies are often looking for opportunities to develop their business further. In any business area it is important that you have the right human resources and the strategic backing of the people within the region you are moving into.
More than 330,000 new companies are registered in the UK every year, and they join over two million existing businesses of many different sizes. Every year hundreds of firms, from high-tech start-ups to global brand leading businesses, receive substantial advice and support in locating to the UK.
In the North East of England, a regional development company leads one of the biggest and most extensive partnerships in the country for supporting inward investors. Partners include UK Trade and Investment, the North East Chamber of Commerce, CBI North East and the region’s five universities which are Northumbria University, University of Newcastle, Sunderland University, University of Durham and Teesside University.
With five universities in the region it adds up to a lot of academic expertise as well as a lot of business based expertise. How do businesses go forward with all of this? First you will have to decide if the North east is somewhere your business could fit and how you could go about registering a business in the UK. We’ve done some research so that you can access all of this when looking for business opportunities in the UK.
Business Culture
The UK has an open and business-friendly culture that is highly tuned to the demands of international markets. UK businesses are responding to global changes and increasing worldwide competition by facing outwards and adapting new ideas and thinking quickly. This knowledge-driven approach, backed by huge public investments in education, training and business support, is a high priority in regions like North East England. This makes it an ideal place to relocate or find new business opportunities that are UK based.
Forming a company
Companies House co-ordinates the administration of businesses in the UK. It is where new companies must be registered. Detailed guidance on the requirements for forming a company is available at the Companies House website. There are four types of registered company: private company limited by shares; private company limited by guarantee; private unlimited company; public company limited by shares. The overwhelming majority of overseas businesses are established in the UK as either private or public companies limited by shares.
Expertise and support organisations place North East England in a unique position to support companies in the commercialisation of research and getting new products to market through research and development expertise.
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