Press release No. N 003 of 29 January 2020
WIESBADEN – Britain's imminent exit from the European Union (Brexit) will have complex consequences. For decades, many German businesses have been closely linked with the United Kingdom through the single European market. The Federal Statistical Office (Destatis) reports that 9% of the foreign-controlled enterprises in Germany had parent companies in the United Kingdom in 2017. These 3,270 enterprises employed approximately 312,000 people who generated turnover of roughly 192 billion euros and a gross value added at factor cost of 46 billion euros.
In 2017, these enterprises accounted for 9.8% of the value added created by all domestic enterprises that were controlled by foreign investors. For comparison: this share of value added was roughly equal to that of foreign-controlled enterprises with parent companies in the Netherlands (10.6%) or France (9.4%).
