Westminster Media Forum 15 October 2013 Barbara Wilson Fashion Sector Specialist
UK Trade & Investment Topics to cover today Why should companies export? • Where should they export? • What is UKTI? What is UKTI? • • What UKTI can do to help? • GREAT Weeks of Creativity • October 2013 2
UK Trade & Investment Why should companies export? Business Benefits • Achieve levels of growth not possible domestically If you become an exporter evidence shows • Spread business risk that you are likely to improve your productivity by a third in your first year alone productivity by a third in your first year alone • Achieve greater economies of scale • Achieve greater economies of scale Companies that export are 11% more likely • Increase commercial lifespan of products to stay in business • Improve financial performance • Improve productivity • Boosts profile and recognition internationally October 2013 3
Where to export to? Established and emerging markets � Our experience shows that designers do best in the developed markets such as Europe, USA or Japan � You need a solid base in these markets before launching out into the BRIC countries � Rapid growth markets offer great opportunities but carry great challenges. UKTI can help fill the “knowledge gap” October 2013 4
What is UK Trade & Investment � UK Trade & Investment (UKTI) works with UK-based businesses to ensure their success in international markets, and encourage the best overseas companies to look to the UK as their global partner of choice � UKTI has professional advisers both within the UK and across more than 100 international markets � UKTI has a customer commitment to helping its UK and international customers by � UKTI has a customer commitment to helping its UK and international customers by providing a range of services, to a high standard and improve customer service by listening to customer feedback � We also have a co-ordination role across government to establish a more systematic approach to relationships with companies which are the most economically significant investors and exporters October 2013 5
UK Trade & Investment Some key facts � For every £1 that UKTI spends, £22 is generated for the UK economy � UKTI’s estimated total financial benefit to business across all trade services was around £6 billion in 2011, up from £5 billion the previous year. � This additional profit has helped generate more than 126,000 � This additional profit has helped generate more than 126,000 jobs in the UK. � Over 3,000 companies increased R & D activity in the UK as a result of UKTI support � UKTI assisted 24,400 companies to exploit opportunities in overseas markets over a 12 month period October 2013 6
UK Trade & Investment Impartial advice and strategic support includes � Strategic and export advice � Market information and research � Assistance in identifying partners and potential customers � Assistance to promote company products � Support visits to markets October 2013 7
UK Trade & Investment GREAT Campaign What is the Great Campaign? � The GREAT Britain campaign is the Government’s most ambitious international marketing campaign ever and showcases the very best of what Britain has to offer in order to encourage the world to visit, study and do business with the UK � Drawing together the national promotion efforts of UK Trade & Investment, VisitBritain and the Foreign and Commonwealth Office, GREAT aims to deliver significant and long-term increases in trade, tourism, education and inward investment October 2013 8 8
UK Trade & Investment GREAT Campaign What is the GREAT Weeks series? GREAT Weeks featuring a fashion pillar The Great Weeks series is an event platform that uses a � Japan – 28 October to 1 November 2013 concentrated burst of activity, drawing attention and opportunity in key cities round the world. � Hong Kong & Macao – 10 March to 14 March 2014 The aim is to � South Korea – 31 March to 4 April 2014 � Deliver value and opportunity to the companies participating participating � Achieve UKTI’s core business targets for delivering value to the UK economy in these industries and � Help to enhance the key trade investment and tourism objectives of the GREAT Campaign � The GREAT Weeks series is part of UK Trade & Investment’s Olympic Legacy Strategy October 2013 9 9
Email: barbara.wilson@uktispecialist.com Website: www.ukti.gov.uk This presentation is based upon materials either compiled by us through independent research, or supplied to us by third parties. Property particulars are for information only, and to give a general idea of the property. Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation and Skills (BIS), and the Foreign & Commonwealth Office (FCO), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned.
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