dutch-say-hundreds-of-companies-plotting-brexit-switch

Dutch say hundreds of companies plotting Brexit switch

In the race to attract jobs and investment from the U.K., the Dutch did concede they face competition from Germany, France and Ireland in picking over the Brexit spoils | Leon Neal/Getty Images

Dutch say hundreds of companies plotting Brexit switch

The Netherlands says it has attracted 1,923 jobs and €291 million in investment, and plans a lot more.

By

2/9/19, 1:29 PM CET

Updated 2/9/19, 1:41 PM CET

The Dutch government said it helped 42 companies move to the country in 2018 because of Brexit and is in talks with more than 250 others about a switch, according to a report out today.

The companies — including Japanese investment bank Norinchukin and media company TVT — translated into 1,923 jobs and €291 million in investment, the government report said.

The figures also includes the transfer of the EU’s European Medicines Agency from London and the opening of new office space by financial service providers such as MarketAxess and Azimo, in addition to shipping insurer UK P&I Club.

“These [newcomers] are predominantly British companies, but also American and Asian organizations that are reconsidering their current European structure due to uncertainties caused by Brexit,” the Dutch ministry said.

In 2017, only 18 companies transferred operations. The report said both Bloomberg and Discovery were also planning extra investment, according to figures collated by the Netherlands Foreign Investment Agency, which works under the Dutch Ministry of Economic Affairs and Climate Policy.

In the race to attract jobs and investment from the U.K., the Dutch did concede they face competition from Germany,

 » Read More at politico.eu