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UKTI’s global presence UKTI has more than 1,200 staff in over 100 overseas markets 2.

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Presentation on theme: "UKTI’s global presence UKTI has more than 1,200 staff in over 100 overseas markets 2."— Presentation transcript:

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2 UKTI’s global presence UKTI has more than 1,200 staff in over 100 overseas markets 2

3 UKTI Mission Support UK companies to grow their business through international trade; Connect UK business to the world’s top commercial opportunities; Attract high quality inward investment to the UK Establish whole-of-government relationships with major wealth creators to increase exports and investment. 3 UKTI Presentation

4 The UK’s Government’s Ambitions Double UK exports to £1 trillion by ,000 more UK companies exporting by 2020 One in four UK companies to export by 2020 Maintain the UK’s position as the most favoured location in Europe for inward investment Become the number one destination in Europe for emerging market investment 4 UKTI Presentation

5 Ireland & UK: Working Together €1 Billion of goods & services traded every week The UK is Ireland’s largest export market Ireland is The UK’s fifth largest export market 200,000 employed in Ireland as a result of UK exporting activity 208,000 employed in the UK as a result of exports to Ireland More than 50 Irish companies list of the LSE Over 50,000 Irish Directors of UK companies Greencore PLC & Tesco 5 UKTI Presentation

6 Why Invest in the UK? A magnet for FDI: leading FDI destination in Europe Corporation tax reduced annually from 28% (2010) to 21% (2014) Four out of the top ten universities in the world Over 100 Science Parks Strong network of Local Enterprise Partners Established Enterprise Zones One of the largest and most diverse creative and digital industry sectors in the world European centre for professional services and world’s leading global financial hub 6 UKTI Presentation

7 UK Government attracting FDI Cutting corporation tax to 20% in 2015 Regional Growth Fund Introduction of the “Patent Box” R&D tax incentives ‘Soft landing’ programmes LEP specific offerings Ongoing support / Aftercare 7 UKTI Presentation

8 UKTI Investment Services  Impartial advice on where and how to set up a business in the UK  Guidance on set-up procedures, e.g. corporate structure, registering a company, relocating staff.  In-depth, tailored information and advice, e.g. premises, tax, R&D collaboration, visas.  Access to lists of professional service organisations which can support a company’s move to the UK.  Practical help in the UK (visits to locations, accessing financial incentives, etc.)  Assistance in finding new partners and expanding business. UKTI Ireland is currently working with more than 120 companies expanding into the UK 8 UKTI Presentation

9 Investment - Statistics 9 55 Projects (FY2014) 22% Increase in Projects Key Sectors (ICT) 11 th Largest Investor in the UK 1720 New Jobs (FY2014) UKTI Presentation

10 Irish Investors into UK 10

11 UK Food & Drink Sector Consumer expenditure on Food & Drink was £196bn in 2013 (up 4.2%) Total Food & Drink exports for 2013 stood at £19.6bn (up 3.7%) 8,500 new food & drink products introduced annually Over 7,000 companies operating in the sector The industry invests over £1bn in R&D annually 347,500 dedicated food & drink outlets Largest manufacturing sector in the UK employing over 400,000 people Business friendly ecosystem represents wealth of investment opportunities in manufacturing, the supply chain and consumers 11 UKTI Presentation

12 UK Food & Drink Manufacturing 12 16% of the UK’s manufacturing sector accredited to food and drink £76bn turnover: food and drink is the largest UK manufacturing sector £25bn gross value added to the UK economy 66% of raw materials in UK manufacturing are UK sourced 7% of UK GDP represented by the food and drink supply chain 400,000 or 15% of overall UK manufacturing workforce in food and drink UKTI Presentation

13 The UK: An Established Market 13 UKTI Presentation

14 The UK Retail Sector 14 UKTI Presentation

15 UK ICT Sector The UK’s ICT sector accounts for 8% (£75bn) of total Gross Value Added Europe’s leading market for software and IT services Market value of £58bn per annum Lowest risk destination in Europe, and second lowest in the world, for businesses to locate their data centres The internet economy’s contribution to UK GDP is growing at 10.9% annually 75% of UK adults have fixed or mobile broadband Largest European market for high-end consumer electronic products The UK ICT sector employees approximately 1.5 million people 15 UKTI Presentation

16 Key ICT Sub Sectors 16 Software Cloud Data Centres Cyber Security UKTI Presentation

17 Key ICT Sub Sectors 17 Electronics & IT Hardware E-Commerce Comms. UKTI Presentation

18 UKTI’s Irish Presence Shirley McCay Director of Trade & Investment Paul Caplis Deputy Director of Trade & Investment Emma Shiel Trade Advisor Conor Kenny Trade Advisor x3753 Gavin Davidson Trade Advisor David O’Hallaron Trade Advisor Paul Caplis Head of Investment Conor Kenny Investment Advisor Cheryl Dennis Welsh Government (Vacant) BICC 18 UKTI Presentation

19 Client Testimonials “The UKTI staff epitomise professionalism in all that they do and it is their business focus and dynamism which makes this organisation an outstanding partner.” Eamonn Egan, Lloyd’s Ireland “The networking opportunities hosted by the Ambassador are most effective and engender a real spirit of co-operation and shared purpose between the UK & Ireland. ” Andrew Hastings, CEO Barclays Ireland 19 UKTI Presentation

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