What makes somewhere a good place to do business? Many factors can come into play, from the transport system and food scene to taxes and regulations. But these days, the skills of the local workforce are becoming more of a deal clincher – or deal breaker if skills are lacking.
Access to skills has long been cited as a key factor when international companies are deciding whether or not to locate or expand in the UK. But in an era of advanced manufacturing techniques, cleantech and the transition to a carbon-free economy, along with rapid and constant advances in digital and life sciences, skills are even more critical for securing the long-term inward investment that is essential for creating jobs and growth. And the more important inward investment becomes to the UK economy, the more important skills become.
