New survey highlights international importance of UK market

The latest business survey has indicated that the UK is now the second-choice market when it comes to international investment, with only the US rated above it.

This finding is taken from the Global CEO Survey that is published every year by PwC. This year marks its 28th edition, and the UK is ranked higher than it has ever been before. That could prove to be very important for the economy, since many CEOs are currently searching for new markets to invest in. This survey suggests that more of them may decide to look towards the UK.

Britain was ranked in fourth place last year, but now sits directly behind the US. 14% of the CEOs that took part in the survey said that the UK would be their choice for global capital expenditure. By way of contrast, the percentage that named the US was 30%. Germany was chosen by 12%, China by 9% and India by 7%.

Marco Amitrano from PwC told the company’s website that:

“Our CEO survey findings are a vote of confidence in the UK as a place for business and investment. The UK’s relative stability at a time of instability should not be underestimated, nor should its strength in key sectors including technology.”

Amitrano went on to add that the majority of CEOs in the UK were making changes to grow their companies and develop new capabilities. Hiring a corporate culture consultant from outside can sometimes help with that.

Amitrano concluded by saying that the government must support them with a growth strategy.