Mark Whitehead 14 November 2019

Council offers £10,000 package to attract foreign companies

Council offers £10,000 package to attract foreign companies  image

Torbay Council in Devon is offering foreign-owned companies up to £10,000 to relocate all or part of their operations to the region.

Its Invest in Torbay ‘soft landings’ package is also available to foreign-owned companies already with a presence in the UK.

Tobay Development Agency (TDA) is working with several foreign owned companies in Europe and the US to support investment.

The plan involves Epic, a new centre providing specialist equipment, purpose-built labs and modern offices for lease.

Jason Buck, investment development manager at TDA, said: 'The soft landings programme provides a further incentive and helps support companies with the initial financial challenges of relocating.

'The UK also offers R&D tax credits and low corporation tax which are a big plus for tech companies, particularly those from the US.'

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