The UK’s planning system deters investment.
That was the verdict of Dave Ricks last week, boss of Eli Lilly, the world’s most valuable pharmaceutical company – and it’s a hot topic right now.
But it’s not just planning laws that convince investors to look elsewhere.
Why do I say that?
Because geographical arbitrage makes a big difference in creating exponential growth.
In case you hadn’t noticed, other countries are racing ahead of the UK and much of Europe, by making it much easier to invest and do business there.
And how are they doing that? By developing world-class infrastructure. Simplifying business set-up and regulatory frameworks. Tax structures that reward ambition and encourage long-term growth. Having long-term plans.
A major reason for investing in the UK has always been access to top talent. But in the last 5-10 years, parts of the Middle East & Asia in particular, have been rapidly gaining ground.
They’ve been nurturing homegrown skills, attracting global talent and investing heavily in creating a business-friendly environment.
The way I see it, diversifying geographically means you’re not just spreading risk – you’re multiplying the potential.
#exitlaunchpad #nextlevelgrowth