German data showed UK firms opened 170 foreign direct investment projects in Europe's biggest economy last year as companies sought a foothold in the bloc's single market, a far cry from the 50 inquiries from UK firms recorded by in 2015
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About 61% of goods exports from Greater Manchester went to the EU in 2019, according to official estimates, compared with 42% of exports from London and the southeast of England. Founder and director Steve Connor said it was business-as-usual in the years immediately following the Brexit vote - until new trade terms with the EU came into force in January 2021.
British firms are also waiting to hear how - or even if - London intends to compete with the enormous green energy and tech subsidies pitched by the United States and EU. This unease has already hurt 3P Innovation, another fast-growing manufacturer based 85 miles south of Manchester in the midlands town of Warwick.
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