UK advantage

The UK automotive industry has a growing turnover of over £71 billion and employs more than 814,000 people.

A car rolls off a production line every 20 seconds and the UK has the highest levels of productivity of all major European automotive manufacturers.

Production is forecast to reach 2 million cars by 2019. The UK is at the forefront of development in low-carbon, lightweight technologies and connected and autonomous vehicles.

Why locate in the UK?

Proximity to the UK automotive market reduces logistics costs, minimises risk and facilitates the handling of increasingly complex production processes.

The UK provides an investor-friendly environment coupled with world-leading automotive benefits including a thriving motorsport industry and renowned Universities.

By offering incentives such as the lowest rates of corporate taxation in the G7, flexible labour laws, the Regional Growth Fund, R&D Tax Credits and the creation of Enterprise Zones, the UK attracts more overseas development than any other country in Europe.


Government and regional initiatives

Enterprise Zones are at the heart of the UK Government’s long-term economic plan. They provide tax breaks and Government support, so are great places to do business.

As a successful UK Enterprise Zone, MIRA Technology Park enables businesses establishing a legal entity in the UK to claim up to 100% Business Rates relief worth up to £275,000 over a 5-year period. These companies are also eligible to bid for research funding from the Technology Strategy Board, amongst others.

Working with Government, the Leicester and Leicestershire Enterprise Partnership (LLEP) drives forward regeneration and growth of the local economy.

Great British quality of life

UK residents enjoy a high standard of living, education and recreation, as well as free publicly-funded healthcare. There is a rich cultural heritage and an abundance of leisure facilities.

Get in touch to find out more about what MIRA Technology Park can offer your business.