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Welcome to BAB's Trade & Investment Update for September 2019.
Last month, we celebrated both
the transatlantic agricultural community
, at a special reception hosted by the US Embassy in London
, as well
as the investment made by
Mayo Clinic
in the UK, proud partner of BAB.
This month we're featuring a number of interesting trade and investment
opportunities in the transatlantic space, including info on the next the SelectUSA summit (2020 date now revealed) in Washington D.C., an export grant programme for SMEs by our friends at Heathrow, and a new service from the Department for International Trade where you can directly report barriers to international trade you are facing. In addition, we've highlight a number of upcoming events from our friends and colleagues across the UK & US to help you do business across the Atlantic.
In the news, we're highlighting two exciting stories from the UK, with London overtaking New York to become the number 1 city for Fintech investments, and new data from the ONS showing UK exports of goods and services to countries outside of the EU increasing 4.8% in the last year (with exports to the USA increasing 9.6%!)
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Trade & Investment Engagements
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BAB Attends Opening Ceremony of New Mayo Clinic London Facility
On 25 September, members of the BAB London team were delighted to attend the grand opening of members Mayo Clinic's brand new London hospital.
The state-of-the-art facility, run in partnership with Oxford University Clinic will bring Mayo Clinic's award-winning, patient-centred philosophy to the UK, and offer leading-edge diagnostic and screening services, along with access to a network of 4,000 experts.
The transatlantic partnership not only reflects the businesses opportunities for transatlantic collaboration, but will also open new doors for advancement in education, research and patient care.
Find out more about Mayo Clinic's new facility
here
.
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BAB Director of Policy & Trade Emanuel Adam Attends Agricultural Reception at US Embassy London
On 19 September, members of the BAB London team attended an evening reception at the US Embassy London in honour of transatlantic food and agricultural partners in the UK - a market worth almost $3bn annually.
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Trade & Investment Opportunities
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SelectUSA Investment Summit Date & Location Announced
June 1-3, 2020 | Washington Hilton, Washington, D.C.
The SelectUSA Summit, a highlight of the transatlantic business calendar is returning to Washington D.C. in 2020.
Promoting the US as the world's premier investment destination, the SelectUSA summit is an unmissable event for any individual or business passionate about growing in the US.
Alongside a programme of panel sessions and fireside chats with world-class speakers, the summit offers attendees:
- Economic Development Organisations on site to share business location intelligence.
- Pre-vetted potential investors actively seeking business opportunities in the United States.
- Relevant service providers that can help investment possibilities become realities.
- C-Suite executives and government officials who can discuss the latest policy and business trends.
Be sure to register early, or sign up for regular updates by clicking
here.
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Calling all SMEs! Heathrow Invites British Businesses to Apply for 2019 ‘World of Opportunity’ Grants
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Heathrow is inviting businesses up and down the UK to apply for £40,000 worth of 'World of Opportunity' grants to fund exporting ambitions.
Now in its third year running, the grant, in partnership with the Department for International Trade's Exporting is GREAT campaign, supports UK SMEs with global ambitions looking to take their goods and services abroad.
Applicants have a chance of winning one of 20 'World of Opportunity' grants, worth £2,000 each to support small businesses that are just beginning to export or those that can export, but don't currently.
Representatives from DIT will support each winner by helping them access the right information, advice and assistance while connecting businesses to overseas buyers, markets and each other. Plaza Premium will also be providing complimentary lounge passes for the winners as they leave Heathrow on their journeys.
Applications close on 18 September 2019
- Best of luck!
For more information on the grant, including how to register,
click here.
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Are You Facing a Barrier to Trade? Report it Here!
The UK Government, as part of its Exporting Is GREAT campaign, have released a handy new tool to allow UK exporters that are facing difficulties selling their goods or services abroad to quickly and easily receive advice and help to resolve issues, or feed into the Government's work to make international trade easier.
You might be facing a barrier if, for example:
- regulations in an overseas market prevent you exporting or investing there
- you supply services and have to pay unnecessary charges that give an advantage to domestic suppliers
- your goods are delayed from getting to market by lengthy customs procedures
If you're facing a barrier to growing your international business, be sure to report it by clicking
here.
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London Overtakes New York to Steal Global Fintech Investment Crown
London has overtaken New York to become the world's number 1 city for investments in Fintech firms.
From January-August 2019, London attracted 114 investments into the sector with a record-breaking value of over $2bn (£1.6bn) according to new figures from Innovate Finance and London & Partners.
The new deals puts London on the top spot, with New York and San Francisco coming in second and third respectively. Click
here
to read more.
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UK Exports to Non-EU Countries Grow 4.2% - Exports to the USA up 9.6%
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New statistics released by the Office for National Statistics (ONS) reveal that UK exports of goods and services to countries outside of the European Union grew at almost double the rate to those in the trading bloc.
The latest trade figures from the ONS show a 4.2% increase in exports to countries outside of the EU, in comparison to a rise of 1.6% to EU member countries.
Of particular interest is that in the year ending June 2019, exports of goods and services to the USA increased by 9.3% from £115.7 billion in the 12 months prior, to £126.4 billion.
Read the Department for International Trade's Press Release
here.
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Tech Nation Report 2019
3 October, New York
On 3 October, Tech Nation will launch its 2019 Global Tech Report in New York featuring the latest insights on global tech trends, emerging technologies and tech communities.
What to expect?
- Latest insights and trends in the global tech ecosystem.
- High calibre networking opportunities.
- Understand how you can benefit from being part of Tech Nation’s network - we can help take your business to the next level through world-class research, visas for exceptional talent and our curated suite of programmes for different stage startups
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Pittsburgh Tech Mission to the UK - Welcome Reception
7 October, London
London & Partners and Moore Kingston Smith are delighted to host a welcome reception to launch the Pittsburgh Tech Mission to the UK.
This will take place in the iconic Tower Room with views looking down on Tower Bridge and the Tower of London.
Who Should Join?
Attendees will include representatives from the Pittsburgh companies attending the mission, the Pittsburgh Technology Council, British Airways and the UK Government's Department of International Trade.
The networking reception at 6pm is open to Pittsburgh companies with a presence in London and UK companies interested in expanding to the Pittsburgh region.
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BAB Accelerate Roundtable Dinner with Cemal Ezel, Change Please
14 October, London
Join us on 14 October for the next installment in our BAB Accelerate Roundtable Series where we'll be joined by
Change Please
Founder, Cemal Ezel, who will tell us all about the realities (and pitfalls) of expanding and transforming business across the Atlantic – logistics, staffing, legislation, financial etc.
Discussion will once again be moderated by Alex Chisnall, host of the excellent
Screw it, Just Do it podcast
, where he chats with today's most successful entrepreneurs, as well as the most exciting startups trying to emulate them.
14 October | 4:00 – 7:00 PM
Deloitte, 1 New Street Square, EC4A 3HQ
Attendance Complimentary
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You Can: Do Business in the USA
24 October, Cambridge
You Can: Do Business in the US will explore the key questions companies regularly ask the Department for International Trade (DIT) East of England when looking to develop new business and expand operations in the United States.
Thursday, 24 October | 9:00 AM - 3:30 PM
The Granta Centre, Granta Park, Cambridge,
CB21 6GP
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Doing business in the US Marketplace
27 November, Edinburgh
Meet USA trade experts for a 'whistle-stop' tour of Scotland's top export destination. Discover which States offer the best opportunities for your products and services. Plus, get practical tips and guidance to help you set up, grow and develop your business .
The USA continues to be Scotland's top international trading partner with around 17.1 % of all our exports entering the States, worth £5.5 billion.
Wednesday, November 27, 2019 | 9:00 AM – 1:30 PM
Dentons UK | Quartermile One, 15 Lauriston Place, Edinburgh, EH3 9EP
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