Reading is an important commercial centre in the Thames Valley and Southern England. The town hosts the headquarters of several British companies and the UK offices of foreign multinationals, as well as being a major retail centre. Whilst located close enough to London to be sometimes regarded as part of the London commuter belt, Reading is a net inward destination for commuters. During the morning peak period, there are some 30,000 inward arrivals in the town, compared to 24,000 departures. When the Crossrail route fully opens, four Elizabeth line trains and hour will allow passengers to travel right through central London without having to change trains.
Major companies Microsoft, Oracle and Hibu (formerly Yell Group) have their headquarters in Reading. The insurance company Prudential has an administration centre in the town. PepsiCo and Wrigley have offices in Reading. Global pharmaceutical giant, Bayer Life Sciences relocated to Reading’s Green Park Business Park in 2016. Reading has a significant historical involvement in the information technology industry.