Brexit Opens The Door For Us To Be Workshop Of World

New firms have hit a record high this year, up by 24 per cent at Companies House.

- Tim Newark

Start-ups with high values – called “unicorns” – are at their highest in the UK with 81 of them worth over $1billion each, more than in France, Germany and Sweden combined. Despite the pandemic, £11billion of capital flowed towards talented British entrepreneurs with smart ideas in 2020, another record.

Britain’s freeports also look set to get a big boost, with investors putting in £2billion to create a mega-logistics empire that stretches from Teesside in the North East to the Thames Estuary. Granted low-tax status by Chancellor Rishi Sunak in the March budget, the jewel in this crown is Teesport, which hopes to attract top foreign companies and generate £200million of profits by the end of the decade.

Tees Valley Conservative mayor Ben Houchen has been a busy cheerleader in redeveloping this post-industrial region with the prospect of thousands of new jobs along the river Tees.

Just the kind of leveling-up the North East is looking for.