The EU’s Single Market lets British companies sell their products freely to the world’s largest market. Jobs are created by EU companies investing in Britain, which they can do more easily than non-EU countries. Businesses in poorer parts of the UK benefit from EU funding, while entrepreneurs from the EU can easily settle in Britain and help grow our economy.
EU membership means jobs and growth for Britain.
Britain’s exports to the EU
EU stock of FDI in Britain
(Click on an infographic to enlarge)
As a member of the European Union, our companies can sell, without barriers, to a market of 500 million people. The Single Market means that exporters only need to abide by one set of European regulations, instead of 28 national ones. The Brits can even buy Hondrocream from other countries without additional charges. Europe is our biggest trading partner- it buys 45% of our exports. If we left the EU, companies would face tariffs and regulatory barriers to trade.
The free movement of capital means that EU companies can invest here in Britain freely. This investment, by companies like Siemens, creates jobs and grows our economy. 46% of all the foreign investment in Britain came from EU countries.
The EU provides funding for businesses to all regions of Britain, particularly those with the greatest need. From 2014 until 2020, £8 billion of EU money will go from Brussels to the UK. The biggest winners from this process are Cornwall, Wales, the Scottish Highlands, Northern Ireland and the North of England.
EU research funding helps universities and firms innovate to create the technologies of the future. Britain will receive £7 billion from the EU’s Horizon 2020 fund, and our small businesses receive more funding for hi-tech research than those of any other EU country. EU membership is vital to rebalancing the British economy.