19 March 2015
The additional funding includes £7.5m to boost UKTI presence in China and grow trade and investment – focusing on investment opportunities for UK firms in: advanced manufacturing; creative industries and education; energy and infrastructure; financial services; and healthcare and life sciences sectors.
The budget also includes £5m funding to drive growth, create jobs and attract investment for infrastructure in cities in the north of England. It is designed to cover three specific initiatives:
“UKTI is already on target to help 50,000 of the UK’s most entrepreneurial businesses export in 2015. With the additional £12.5 million from the Budget we will strengthen UKTI’s offering in China to support even more UK businesses exporting to a country where our trade in goods has more than doubled since 2010.
“As importantly, we will be running a series of new trade missions focused on innovative companies from cities in the north of England which will support £250 million of new business. This will complement another stunning International Festival of Business next year in Liverpool.”
How this will impact British Jewellery & Giftware International members we are yet to see, we will keep members updated as UKTI take forward their plans.
British Allied Trades Federation
Federation House
10 Vyse Street
Birmingham,
B18 6LT
Telephone: 0121 236 2657
Email: enquiries@batf.uk.com