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The new areas of the world discovered by English (later British) explorers often contained raw materials and Natural Resources which were rarer in the British Isles. These could be shipped home to be used there and were cheaper than buying them at home or from other countries. So colonising these areas with populations to work the resource and have control over it was a priority.

Other areas - those inhabitied by large native populations who were not just killed or displaced by the incomers (India being a prime example) could serve as a source of cheap labour for Factories and other operations built there. To some extent this still goes on and is called "out sourcing".
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Q: How was providing raw material and cheap labor a cause of colonialism in England?
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