Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Hanover courts British business after Brexit

Published 08/07/2016, 16:06
Updated 08/07/2016, 16:10
© Reuters. A sign shows the cardinal directions East, South, West and North at the Hannover Fair grounds in Hanover
CONG
-
TUI1n
-
HNRGn
-

BERLIN (Reuters) - The German city of Hanover, best known for hosting trade fairs, launched a campaign on Friday to woo UK companies to move there after Britain's decision to quit the European Union.

Under the slogan "Remain in the centre of Europe - select Hannover", the Hanover Marketing and Tourism company (HMTG) said it planned advertisements in Britain and mailings to firms as it competed with other cities for British business.

Hanover is the latest German city vying to attract British companies after the June 23 'Brexit' vote cast uncertainty over the future of British trade with the rest of the 28-member bloc.

Cosmetic firms Lush told local British media it will focus on growing its business in Germany following the vote and has plans for a new factory in Duesseldorf.

Frankfurt, Germany's financial capital, kicked off an image campaign the day after the referendum aiming to court banks and financial institutions considering relocating staff from London.

Berlin's Senator for Economics, Technology and Research Cornela Yzer has sent letters to British firms and hopes to lure tech firms from London's start-up scene.

Located in north-central Germany, Hanover has a population of around 520,000 and is home to reinsurer Hannover Re (DE:HNRGn), auto parts and tyre maker Continental (DE:CONG) and European travel group Tui AG (L:TUIT).

© Reuters. A sign shows the cardinal directions East, South, West and North at the Hannover Fair grounds in Hanover

The marketing authority boasted of "ideal infrastructure connections" such as direct flights to the UK and good rail and road links, as well as "affordable office facilities" as among the reasons to choose Hanover.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.