Overview | UKTI


UKTI understands the project cycles, knows the key decision


makers and brings the opportunities to the door of the UK supply chain.’


individual contracts that make up big HVO wins are worth £300k or less. An initiative designed to get more of Britain’s 9,000 medium- sized businesses exporting was introduced by Trade Minister Lord Livingston earlier this year. Identified as companies that have an annual turnover of between £25-250m, MSBs are vital to the


global-opportunity.co.uk


Government’s long-term economic plan. Evidence shows that MSBs can on average increase their sales by £1.8m through export activity. If they reach their full potential, the CBI estimates this could be worth £20 to £50bn to the UK economy. It is not just MSBs that can reap the rewards of trading overseas UKTI research has shown that exporting has significant benefits for businesses across the board, positively impacting on staffing, productivity, financial performance and longevity. The figures are compelling, showing that those firms who choose to export become 34 per cent more productive in their first year while those already exporting achieve 59 per cent faster productivity than non-exporters. UKTI and Government as a whole are committed to creating an environment that is supportive to UK exporters. Together we have developed a comprehensive range of products and services designed to help UK businesses make those first steps and support them once they are in market, a full list of these can be found on the UKTI website: www.ukti.gov.uk/export The UK remains the nation to beat for Europe-bound investment and consistently ranks in the top three locations of choice for global investors. UKTI activities promote the UK not only as a destination in its own right, but as a springboard from which to export to other key


markets. UKTI’s comprehensive range of services assists overseas companies, whatever their size and experience, to bring high value investment to the UK. For example, UKTI’s Global Entrepreneur Programme (GEP), which helps overseas entrepreneurs and early-stage technology companies globalise their business from a UK hub, has helped GEP companies raise over £1bn of equity investment and create more than 2,000 jobs to date. Details of all the services open to investors can be found on the UKTI website: www. ukti.gov.uk/invest These schemes are underpinned by a number of innovative initiatives and incentives designed to make the UK the most attractive business environment for foreign investors. These include the recently introduced Seed Enterprise Investment; and improvements to the Enterprise Investment Schemes and Venture Captial Trust schemes, all designed to incentivise investment. Coupled with dedicated visa routes for graduate entrepreneurs; research and development tax credits for larger companies; and a tenfold increase in the annual investment allowance, Britain provides one of the most welcoming business environments in the world.


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FURTHER INFORMATION To find out more about UKTI and the range of services it offers to both investors and exporters, visit: www.ukti.gov.uk


ISSUE 01 | GLOBAL OPPORTUNITY 2014 13


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