There is no doubt that Brexit has been a challenge, however the world still sees the UK as a key global partner. This perception has led the UK to the top spot in Forbes’ 13th annual look at the Best Countries for Business, which measures countries that are most hospitable to capital investment. It is the second straight year that the UK has taken its position in the top spot. The U.K. is the only country to land among the top 30 (out of 161 countries ranked) on all 15 metrics Forbes used to rate the countries.
Today the UK produces one in five of Europe’s billion-dollar start-ups, with London’s 45 unicorns at a combined valuation of £116.2bn and our commitment to science and research is already paying off as we develop global authority in the emerging industries like artificial intelligence, so-called “deep tech” and clean energy. Health firm Benevolent AI raised $90 million and virtual reality company Melody raised $60 million, while energy start-up Ovo raised $260 million from investors.
Added to this, the U.K. already has a globalized economy that is more open than most across the world in terms of trade, investments, capital flows. It has one of the world’s most efficient business and investment environments and is now for the first time in 47 years open to expanded global trade relationships.
Data collected by venture capital firm Atomico shows Britain has retained its place at the head of the continent’s league table, despite fears over an exodus of start-ups and established technology firms as the country leaves the European Union. Technology companies have secured $11.1bn (£8.6bn) in venture capital investment so far in 2019 more than the amount invested in runners-up France and Germany combined.
METHODOLOGY The British Publishing Company is the originator and organiser of The British Parliamentary Awards but not the compiler. The ethos of the awards is both transparent and self-levelling. We use a combination of online nominations followed by manual research to track companies and individuals thereby creating profiles and timelines. Our collective intelligence network includes Bureau van Dijk Electronic Publishing (BvDEP), FAME, Experian MarketIQ, Companies House, SimilarWeb and Beauhurst.
Primarily there are a number of main sources of research that are used in the initial verification of our nominations. The Power 100 research team uses proprietary database software which aggregates data from multiple sources, including news flow aggregation and processing, web scraping, journalistic research, consumer research, social media research, online nominations, trade research and statistical forecasting.