Revitalizing Global Business: A Deep Dive into Government Aid, Supply Chain Resilience, and Investment Opportunities

Risk and resilience are still strongly heard in Board rooms around the world as companies continue to react to supply chain shocks caused by the pandemic. That and the further headwinds of the Ukraine War, rising costs, access to power, talent shortages, and economic uncertainties means that companies need to reconsider their supply chains.

The governments endeavour to add more resilience in their sources for key industries and we see a massive increase in government aid from $60 Billion before Covid to over $2 Trillion.

The US took the lead with the CHIPS Act and more recently the Inflation Reduction Act and the EU is playing catch up in this developing incentives war to attract investments to their region. In recent months we have seen new aid limits set by the EU for large projects and an unprecedented relaxing of regional aid rules.

At the same time, the United Kingdom is undergoing a restructuring of its incentive landscape post-Brexit. The UK and the EU officially signed an agreement, welcoming (back) the UK into the Horizon Europe, thereby opening up fresh avenues for research and innovation funding. On the other hand, the Investments Zones are still grappling with a pressing need for clarity and a well-defined direction.

Hickey introduces a new feature on our website: microsites that introduce European countries and the business opportunities they offer, with a special focus on investment incentives. The newly introduced microsites are designed to be a place for entrepreneurs who are looking to expand their business in Europe. Each microsite provides information about the country’s economy, industry trends, and investment incentives. It also highlights the most promising sectors for investment and provides insights into the local business culture.