Barcelona City Council, with the goal of creating quality employment and, incidentally, encouraging productive investment, has begun to implement an action plan which aims to attract investors from United Kingdom. This decision was made following the economic uncertainty generated by the Brexit.
As stated in the Digital de Barcelona, this plan focuses on attracting all those companies and agencies that are part of the European Union and have their headquarters in the UK to Barcelona. After the referendum in which UK voted for Brexit, European businesses were living in uncertainty of not knowing what the future will bring for them. This plan, in particular, will consist of promotion, prospecting and collection services as well as granting aid to any entrepreneurs arriving to Barcelona.
During the autumn, the need to seize the opportunity has prompted organised visits from British companies who wish to settle in Barcelona. They are shown the advantages of not only continuing with their business activities in this city, but also to extend and grow for the future.
Meanwhile, on the basis of implementing actions as offered by the Muncipality of Barcelona, the headquarters of the European Medicines Agency, (la Agencia Europea del Medicamento) will be taken as promotional for business creating a business environment that's capable of focusing on the core of economic activity.
Photo: © Engel & Völkers Barcelona
Barcelona, a very interesting city to start a business in
The municipal government of Barcelona has also set the goal of making Barcelona the most suitable place for the emerging companies to invest in. This is referred to in English as 'Start-Up City'. Thus, the city is expected to remain an attractive prospect for investors and entrepreneurs, especially for those of British origin.
Given that from the time when the Brexit becomes effective, the British cease to be members of the European Union and thus cease to enjoy the free movement of people and goods within the British territory, Barcelona will then be expected to attract a lot of investment from companies which, although settled down in Britain, are still economically dependent on the Eurozone. Without a doubt, this is the objective pursued by the plan from the Spanish government and will be especially attractive to UK companies.
Ultimately, it will be impossible to quantify exactly how much productive investment will take place in Barcelona. Although the action plan to attract British companies to Spain after Brexit sounds ambitious, the initiative together with the characteristics of one of the most important European capitals, offers a promising future that is already evident today.