Government and location

The government offers grants and assistance to businesses that locate in areas with high unemployment. Incentives include:

  • grants - to help with the cost of setting up a business. Grant money does not need to be repaid.
  • loans - which are repayable over many years at low rates of interest.
  • tax breaks - for example firms may be made exempt from paying business rates.

Overseas location decisions

The Government offers grants, tax breaks and loans

Setting up a business overseas involves a number of challenges including:

  • cultural and language barriers where managers are unfamiliar with local customs
  • legal issues where local laws are different
  • exchange rate issues - unexpected changes in the value of sterling can have an impact on prices, costs and profits
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