Brexit: Bye Bye Britain -The Netherlands here we come- More than 250 firms interested in Brexit move to The Netherlands

The Netherlands: Almere, -one of
 the most modern cities in Europe

Dutch officials are in contact with more than 250 companies about a possible post-Brexit move, the government said on Wednesday, after Sony revealed it would shift its base to the Netherlands.
 
The Dutch government will announce a final figure in February but “every new arrival of a business, big or small, is a success”, Michiel Bakhuizen, a spokesperson for the Netherlands Foreign Investment Agency, told AFP.

Japanese electronics giant Sony is following Panasonic in moving its European headquarters across the North Sea to the Netherlands ahead of Britain’s scheduled departure from the EU in March.

While Prime Minister Mark Rutte said during a recent visit by Japanese Prime Minister Shinzo Abe that he “doesn’t see Brexit as a business opportunity”, the Netherlands has still pushed hard to win post-Brexit investment.

Via the investment agency, the Dutch government is “in contact with more than 250 interested in an eventual move to the Netherlands because of Brexit”, Bakhuizen said. “The number of businesses we are in contact with for a possible arrival is growing. At the start of 2017 it was 80, at the start of 2018 150, and now it’s more than 250.

“This increase will continue and it’s not strange, because there is great uncertainty at the moment in Britain. And if there is one thing that’s bad for business, it’s uncertainty.”

The spokesperson said he would not comment on “individual” cases such as Sony, but added that the Netherlands welcomed any such decision. “In mid-February we will announce the number of companies that have left the UK for the Netherlands because of Brexit,” he said.

Asked whether Abe’s visit had helped with the Sony move, the spokesperson said that “it’s certain that these political and diplomatic moments help”.

However, Rutte warned in a press conference with Abe that any extra investments would be offset by the overall “negative impact” of Brexit, particularly if Britain crashes out without a deal with the EU.
Dutch officials said this week they are preparing for the “blue sea of uncertainty” that a no-deal Brexit would create.

Dutch foreign minister Stef Blok told a parliamentary committee on Wednesday that “we have started early with our preparations but, of course, it has become more intensive because of a possible no-deal Brexit”.

There is a famous Dutch saying which goes as follows: "de een zijn dood, is de ander z'n brood". which in English would translate to :"their loss, your gain" - Yes indeed, if Brexit happens, the Netherlands could "laugh all the way to the bank". 

Read more at: More than 250 firms interested in Brexit move to The Netherlands

Automobile Industry: Panasonic to invest over $256-million in Tesla’s U.S. plant for solar cells

Panasonic Corp will invest more than 30 billion yen ($256-million) in a New York production facility of Elon Musk’s Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies.

Japan’s Panasonic, which has been retreating from low-margin consumer electronics to focus more on automotive components and other businesses targeting corporate clients, will make the investment in Tesla’s factory in Buffalo, New York.

The U.S. electric car maker is making a long-term purchase commitment from Panasonic as part of the deal, besides providing factory buildings and infrastructure.

In a joint statement on Tuesday, the two companies said they plan to start production of PV modules in the summer of 2017 and increase to one gigawatt of module production by 2019.

The plan is part of the solar partnership that the two companies first announced in October, but which did not disclose investment details.

Tesla is working exclusively with longtime partner Panasonic to supply batteries for its upcoming Model 3, the company’s first mass-market car. Panasonic is also the exclusive supplier of batteries to Tesla’s Model S and Model X.

Panasonic to invest over $256-million in Tesla’s U.S. plant for solar cells - The Globe and Mail