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Climate
Belfast’s climate is mild and temperate, with mild winters, very little snow and
warm summers.
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Sunniest months: May and June
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Driest period: March to June
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Average annual rainfall: 43 inches
- Average temperature: 10º C (50º F)
Taxation
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Corporation and personal taxation are amongst the lowest in Europe
- Capital grants are not taxable – a unique position within the UK
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Capital allowances are very generous for expenditure on plant and equipment
including 100% in the first year for small and medium enterprises
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Tax credits for research and development were introduced to stimulate
scientific innovation for SMEs.
Property
The benefits of setting up on Belfast are second to non to include:
- Buildings ranging from 10,000 to 100,000sq ft immediately available.
- Flexible lease terms and occupancy costs amongst the lowest in Europe.
- Fast easy set-up from acquisiton through fit-out of premises, cabling and recruitment.
- Easy access to world-class financial, legal, consulting, risk management and other corporate services.
New speculative office developments are widely available in Belfast with rents on average £13.50 per sq ft. Belfast currently maintains the lowest net-rent in the UK.
Comparison of Global Prime Office Rents
| Location |
Prime Office Rent
per sq ft (£) |
| Belfast |
£13.50 |
| Birmingham |
£27.50 |
| Dublin |
£31.05 |
| Glasgow |
£22.00 |
| London (City) |
£43.50 |
| London (WestEnd) |
£75.00 |
| Manchester |
£26.00 |
| New York |
£27.86 |
| Madrid |
£19.24 |
| Paris |
£40.07 |
| Hong Kong |
£30.77 |
| Tokyo |
£64.93 |
Source: CB Richard Ellis Global Market Rents, January 2005
(conversion rates as at 16 Feb 2005)
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