78 Brexit companies relocated to Netherland, 550 in relocation talks: Netherlands Foreign Investment Agency

On Thursday, in a statement Netherlands Foreign Investment Agency stated, there has been a flow of businesses moving into the Netherlands because of Brexit; this is despite direct foreign investment dropping by a quarter because of the coronavirus-induced COVID-19 pandemic.

The Netherlands has attracted companies from various industries and sectors including medicine, agriculture, trading, finance, logistics and distribution which are looking to secure their European operations following Britain’s departure from the European Union.

In a statement, the Netherlands Foreign Investment Agency said, 78 “Brexit” companies have moved to the Netherlands in 2020, the same number as in the previous year; the total number of such companies which have shifted to the country since 2016 is 218.

Further, 550 businesses are currently in relocation talks with the agency, up from 425 last year.

Their arrivals are expected to generate a combined 6,000 jobs and are likely to attract $654.98 million (544 million euros) in investments in the first three years, said the agency.

The Brexit companies include British, American and Asian, which are relocating to consolidate or expand their European operations.

“Not only are the amount of contacts continuing to grow, the number of Brexit companies that have opted for the Netherlands is also increasing,” said the agency in a statement. “In effect, the uncertainty of recent years has not disappeared.”

($1 = 0.8306 euros)

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

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