Companies affected by Brexit prefer to settle in Germany or Holland

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Spain is the third best-placed country in Europe, tied with France and Italy, to receive investments leaving the United Kingdom due to Brexit , according to the report European attractiveness survey: Plan B… for Brexit by EY. Germany appears as the best option for investors, with 54% of the responses, followed by the Netherlands (33%), while Spain, France and Italy achieve 8%. HeyMadrid and Barcelona are also well placed as cities to attract capital leaving the British economy after the United Kingdom leaves the EU. The capital of Spain is in fifth position as the most attractive city for foreign investment, with 11% of the votes, and Barcelona is tenth. London remains first, with 54%, despite Brexit , followed by Paris (48%), Frankfurt (21%) and Berlin (21%). “The appetite to invest in Europe remains strong, despite recent political events such as the referendum in the United Kingdom and the numerous electoral events that are looming on the European continent.

Many companies consider that new technologies and geopolitical and demographic changes offer opportunities and, in this sense, Spain is working increasingly to consolidate itself as a good investment destination ,” says Llorenç López Carrascosa,  partner Singapore Phone Number List responsible for Business Development. from EY. The executives surveyed highlight that the main threats that will affect investment decisions in Europe will be, first of all, the volatility of the markets with 37% of the responses, the political and economic instability of the EU excluding Brexit ( 32% of votes), in second place, and the impact of the United Kingdom leaving the EU, with 28%. Despite the uncertainties surrounding the European continent, 56% of foreign investors plan to invest in Europe in the next three years, a percentage that increases to 72% in the case of financial services companies and up to 69% in the technology sector.



The EY study shows that 71% of the executives surveyed claim to have already suffered some type of impact in at least one of their business areas as a result of Brexit , especially in the form of falls in operating margins, in the cost of purchases and sales volume. In this sense, only 4% of the executives who participated in the study acknowledge that they are well prepared to face the possible regulatory and organizational changes derived from Brexit . Among EY 's recommendations to mitigate the impact of Brexit , the following stand out: • Manage investment decisions in an environment of increasing volatility • Be prepared for an increase in protectionism and an uncertain environment in international trade • Navigate the new map of attractiveness investor in Europe. • Address the problem of talent management and retention.