Birmingham and the West Midlands are in a strong position, thanks to good transport infrastructure and a central location, to take advantage of the Government’s current Nearshoring campaign to encourage businesses to move their overseas operations back to the UK.
Commercial property company Cushman & Wakefield’s global business consulting team addressed Nearshoring issues at a seminar in Birmingham on 4 March, led by department head Neil McLocklin.
According to Mr McLocklin, Birmingham was one of the leading contenders due to its proximity to London, reputation for innovation and research, and significant national and global business representation. The move to to encourage businesses to move their operations back to the UK is being driven by factors such as lower corporate taxes and the existence of a skilled labour force.
Read the full article here: West Midlands and Birmingham ready for nearshoring boost to commercial property market