Brexit: UK doesn’t want to ‘subordinate City’ says expert
When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can unsubscribe at any time.
According to the Netherlands Foreign Investment Agency (NFIA), 78 “Brexit companies” moved to the Netherlands last year. This was the same number as in 2019, bringing to overall total since the 2016 referendum to 218.
The agency said: “Not only are the amount of contacts continuing to grow, the number of Brexit companies that have opted for the Netherlands is also increasing.
“In effect, the uncertainty of recent years has not disappeared.”
A record 550 businesses are also in discussions with the agency about relocating to the Netherlands.
This is an increase of 425 last year.
Britain departed the EU’s Single Market in January this year after Boris Johnson signed a historic Brexit trade deal with the bloc in December.
But companies in trading and finance, medicine and agriculture, as well as logistics and distribution, are looking to secure their European operations in Amsterdam.
Amsterdam is already poised to be Europe’s number one corporate listing venue this year.
Last month, data found Amsterdam was displacing London as Europe’s biggest share trading centre.
The Dutch capital remained a popular destination for companies even after a divorce deal was reached between Brussels and Britain.
Those companies which relocated last year are expected to generate a combined 6,000 jobs and 544 million euros of investments within the first three years, according to the agency.
As well as British companies, businesses from America and Asia are also moving their operations to the Netherlands.
Michiel Bakhuizen, a spokesperson for the NFIA, said last month the Netherlands is “one of the big hubs” for companies establishing themselves on mainland Europe.
Joe Biden poised to deliver bitter blow to Boris Johnson over CPTPP [INSIGHT]
Nexit: Dutch ‘only tolerated EU when UK was key member’ [COMMENT]
Ireland to lose THOUSANDS of tonnes of fish after EU quota punishment [REVEAL]
Another spokesperson told DutchNews.nl earlier this month: “It has now become clear what can and cannot be done with regard to exporting to the EU, and buying from different suppliers.
“And the last three months of 2020 and first month of 2021 have been the busiest since the Brexit referendum in 2016.”
Before the deal was struck, the NFIA Commissioner Jeroen Nijland outlined why Amsterdam was seen as the ideal location for companies to relocate.
He said: “With an English-speaking population, the excellent connections to the UK and the EU by road, boat, train and plane and our strong digital infrastructure, choosing the Netherlands is an attractive alternative.”
SEE BELOW FOR LIVE UPDATES…
Source: Read Full Article