Tag: Business and Trade Department

  • PRESS RELEASE : UK and Egypt sign sustainable cities and infrastructure pact [February 2024]

    PRESS RELEASE : UK and Egypt sign sustainable cities and infrastructure pact [February 2024]

    The press release issued by the Department for Business and Trade on 7 February 2024.

    The UK and Egypt signed a Memorandum of Understanding to deepen cooperation in infrastructure development.

    His Majesty’s Ambassador to the Arab Republic of Egypt Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. Amin Ghoneim signed a Sustainable Cities and Infrastructure Memorandum of Understanding (MoU) on Tuesday 6th February 2024 in Cairo.

    The new partnership between the UK and the Government of Egypt will boost cooperation in the development of sustainable cities and infrastructure in Egypt by establishing a joint working group that will meet twice a year in London and Cairo.

    This working group will bring together government bodies and industry representatives from both countries to exchange technical knowledge, training, expertise and best practice in the prioritisation, financing, and management of infrastructure projects.

    The MoU aims to position both countries to draw on their strengths to support the delivery of infrastructure projects in Egypt. It will seek to grow the bilateral trading relationship and increase foreign investment into the Egyptian construction sector. Projects will be identified by the working group and delivered in accordance with international quality and sustainability standards.

    British Ambassador to Egypt Gareth Bayley said:
    This agreement reinforces our commitment to sustainable development, fostering economic growth, and attracting foreign investment into the Egyptian infrastructure sector.

    It sets yet another example of a stronger and growing green partnership between both our countries, while boosting bilateral trade relations.

    I am confident this collaboration will pave the way for a more sustainable and resilient future for Egypt.

    The two countries already share a strong trading relationship. Total trade in goods and services between the UK and Egypt was £4.8 billion in the 12 months to September 2023, of which total UK exports to Egypt amounted to £2.6 billion.

    The MoU also builds upon the UK and Egypt’s commitment to the UN’s sustainable development goals and action on climate change. In November 2022, Egypt, as COP27 President, developed the Sustainable Urban Resilience for the Next Generation Initiative in collaboration with the UN.

    The initiative is committed to achieving sustainable and resilient urban cities, which the UK and Egypt are dedicated to delivering via this MoU.

    The new agreement commits both countries to making progress on the sustainable development goals and climate change mitigation and adaption, including by deploying innovative climate technologies.

  • PRESS RELEASE : UK and State of North Carolina hold Third Working Group Meeting [January 2024]

    PRESS RELEASE : UK and State of North Carolina hold Third Working Group Meeting [January 2024]

    The press release issued by the Department of Business and Trade on 31 January 2024.

    UK and North Carolina host the third working group meeting since the signature of the UK / North Carolina Memorandum of Understanding.

    On Wednesday, Jan. 31, 2024, representatives of the UK and state of North Carolina governments attended the third government-to-government working group meeting in Charlotte, North Carolina. Charlotte continues to register as one of the fastest growing cities in the US and is the country’s second largest banking centre after New York City. This meeting follows the first two convenings in Raleigh, NC (January 2023) and Manchester, UK (June 2023).

    Rachel Galloway, Consul General at the British Consulate in Atlanta, co-chaired the meeting with Machelle Baker Sanders, Secretary of Commerce for the state of North Carolina, attended by officials from the respective governments.

    Attendees discussed the progress made since the last meeting in June 2023 pointing to the measurable achievements in key focus areas, including:

    • Boosting trade and investment: Cambridge-based Marshall Aerospace is opening a new aircraft maintenance facility and engineering hub at the Piedmont Triad International Airport in Greensboro, North Carolina. The $50 million investment will result in 240 jobs for the local community and is expected to open in 2025. At the ground-breaking ceremony in North Carolina in September 2023, the new home of Marshall USA, Marshall Aerospace credited the official North Carolina-UK relationship, including the MoU, for helping to create the enabling environment for their investment.
    • Improving access to procurement opportunities: In November, the UK and North Carolina co-chaired a government procurement and commercial opportunities roundtable. North Carolina officials shared insights into how UK companies can best engage in the North Carolina procurement process, including through registering on the state’s procurement information and e-vendor portals, soliciting public records to better understand successful bids, forming partnerships with North Carolina companies with prior success in state procurement, researching legal and IT security requirements in advance of bidding, and seeking opportunities at the local level.

    Attendees also considered and identified fresh opportunities to further knowledge exchange and activities to develop all areas of the MoU over the coming six months, including:

    • UK companies and officials will participate in the University of North Carolina at Chapel Hill Clean Tech Summit in March 2024.
    • The UK will send an outbound Motorsport mission to North Carolina in May 2024. This follows on the success of a previous mission in 2023.
    • The UK and North Carolina will hold the next working group meeting to coincide with a delegation of North Carolina officials’ visit to the Farnborough Air Show in July 2024.

    The meeting was followed by a business lunch attended by UK and North Carolina business and civic leaders where attendees were invited to get involved on future MoU delivery activity.

    Finally, British American Business Council Carolinas hosted a panel discussion on Macro Political and Economic Trends in Trade and Investment as part of their annual general meeting. The panel, comprising of Rachel Galloway, UK Consul General for the Southeastern US; Chris Chung, CEO of the Economic Development Partnership of North Carolina; and Sally Webb, Non-Executive Director of The Special Event Company, was moderated by Chris William, Executive Producer of the Carolina Business Review. The panel was attended by a cross-section of representatives from the Charlotte business community.

    The British American Business Council Carolinas will host the British American Business Network annual transatlantic conference in Charlotte for the first time later this year, acknowledging the increasingly close relationship being developed between the UK and North Carolina as a result of the Memorandum of Understanding between both parties.

  • PRESS RELEASE : Low Pay Commission announces new Chair and Commissioners [January 2024]

    PRESS RELEASE : Low Pay Commission announces new Chair and Commissioners [January 2024]

    The press release issued by the Department for Business and Trade on 30 January 2024.

    Baroness Philippa Stroud has today (Tuesday 30 January 2024) been announced as the Chair of the Low Pay Commission (LPC). She replaces Bryan Sanderson, who has been Chair of the LPC since 2019.

    Nigel Cotgrove and Andrew Goodacre have also been announced as Commissioners.

    The LPC is an independent body that advises the government about the National Living Wage and the National Minimum Wage.

    Business Minister Kevin Hollinrake said:

    Baroness Philippa Stroud is a fantastic appointment to this role. Her extensive leadership background and specialised experience in social justice will ensure the LPC continues its vital work on pay for our lowest paid workers.

    I’m grateful to Bryan Sanderson for all his hard work in his time as Chair and wish him well for the future.

    I’d also like to welcome Nigel Cotgrove and Andrew Goodacre in their roles as Commissioners.

    Biographies

    Baroness Philippa Stroud biography

    Baroness Philippa Stroud is a British think tanker and the co-founder of Forum. She is a Member of the House of Lords, CEO of the Alliance for Responsible Citizenship and Chair of the Social Metrics Commission. Prior to this, she was the CEO of the Legatum Institute and Co-Founder and Chief Executive of the Centre for Social Justice.

    She was created a life peer on 1 October 2015 taking the title Baroness Stroud, of Fulham in the London Borough of Hammersmith and Fulham.

    Nigel Cotgrove biography

    Nigel Cotgrove is a Trustee Director of the BT Pension Scheme and a member of the Prison Service Pay Review Body.

    Nigel worked for the Communication Workers’ Union for 31 years. He served as a National Officer for over 20 years representing workers in the telecoms, ICT and financial services sectors. Prior to that, he worked as a CWU Research Officer.

    Andrew Goodacre biography

    BIRA (British Independent Retailers Association) CEO Andrew Goodacre has devoted his career to strengthening Britain’s high streets and the communities they support.

    Since taking over BIRA’s leadership in 2018, Andrew has expanded membership by nearly a third, by ensuring the needs of independent retailers are heard by government decision makers.

    Andrew represents BIRA on the Department of Business Retail Sector Council and serves as a member of the British Retail Consortium’s Policy Board and the Welsh Retail Council.

    Prior to leading BIRA, Andrew spent many years in the hospitality industry, which helped to reinforce his belief of the importance of local high streets to the fabric of local communities and their contribution to the government’s levelling-up agenda.

    Notes for editors

    • The LPC Chair is remunerated £530.96 per day (3 days per month). This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Baroness Stroud has declared that she is a Conservative Member of the House of Lords.
    • LPC Commissioners are remunerated £242.12 per day (16 days per annum). These appointments have been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Both Commissioners have declared no significant political activity.
  • PRESS RELEASE : New laws to introduce digital labelling for businesses and reduce regulation costs [January 2024]

    PRESS RELEASE : New laws to introduce digital labelling for businesses and reduce regulation costs [January 2024]

    The press release issued by the Department for Business and Trade on 24 January 2024.

    Businesses are set to benefit from savings as import labels are made digital for the first time.

    • New legislation to introduce digital labelling for British businesses to cut red tape and save millions in unnecessary regulation costs
    • Recognition of CE marking continued for products such as toys and machinery, easing burdens to businesses
    • Digital labelling reforms made possible by Brexit and ensures the UK’s regulatory requirements are fit for the modern world

    Businesses are set to benefit from reduced costs and burdens as import labels are made digital for the first time.

    Digital labelling will allow businesses to put important regulatory or manufacturing information online rather than requiring them to physically print it on their products – saving time and money which can be pushed towards scaling up and growing their company.

    This measure has been made possible by leaving the EU and provides greater flexibility than the EU’s regulatory requirements while better reflecting the modern and digital world of business and international trade.

    This follows the Product Safety Review consultation and extensive industry engagement – looking at ways to cut costs while benefitting consumers and ensuring our regulatory system is agile and a move towards digital labelling has been something the industry have consistently called for.

    Business and Trade Minister Kevin Hollinrake said:

    “I know first-hand the difficulties businesses face with regulations and red tape, and what we’re announcing today will not only ease business burdens and costs but will enable them to spend their time growing their companies and creating jobs.

    “We’ve worked closely with multiple sectors to create policy that works for them and this is another step in the right direction to back British businesses.”

    The CE or UKCA marking is used on products to demonstrate the manufacturer is compliant with legal requirements. Last summer, DBT announced the intention to indefinitely recognise current EU requirements, including the CE marking, for the 18 product regulations under the department’s remit.

    Following feedback from industry, we are introducing legislation to continue the recognition of CE marking indefinitely for a range of additional regulations which will benefit products including vacuum cleaners and televisions. Full list of covered regulations are below. The UK government is taking a tailored approach to product regulation to ensure the interests of UK businesses, consumers and the economy are taken into account.

    This comes as part of wider range of measures as part of our smarter regulation programme, which ensures our laws and regulatory regime are better tailored in the interests of UK businesses, consumers and the economy.

    This announcement does not apply to regulations for medical devices, construction products, marine equipment, rail products, cableways, transportable pressure equipment and unmanned aircraft systems, led by relevant government departments.

    The indefinite recognition of current EU requirements, including the CE marking, for these 21 regulations means businesses have the flexibility to use either the UKCA or CE marking (Or reverse epsilon marking where applicable) to sell products in Great Britain.

    Mike Hawes, SMMT Chief Executive:

    “Recognising CE marking indefinitely is very welcome and a common sense decision that will benefit the motorist and the competitiveness of the UK automotive industry. It means that thousands of aftermarket and supply chain businesses can continue to source vital automotive parts without unnecessary additional cost and complexity, keeping costs low for consumers and ensuring vehicles are built and maintained to the highest possible standards.”

    A GAMBICA spokesperson said:

    “UK suppliers of instrumentation, control, automation and laboratory equipment, within the membership of GAMBICA, appreciate the government’s engagement and practical steps to facilitate movement of goods across the GB border to ensure the long-term supply of critical components from a complex global supply chain.”

    Stephen Phipson, CEO of Make UK, Stephen Phipson, said:

    “The addition of three further regulated sectors that will benefit from the indefinite recognition of current EU requirements including the use of CE marking, is a welcome move that manufactures who develop and sell products in these areas will very much welcome and support.

    “The added introduction of a ‘fast track’ process for products that are covered by multiple regulations, new permanent arrangements for labelling flexibility and an option for digital labelling, will all work together to help safeguard the competitiveness of manufacturers and aid the UK as a destination for investment. Make UK has called for the indefinite extension of a CE marking recognition for all UK manufactured goods to be a permanent change, and this should cover all goods and products sectors produced using a manufacturing process.”

    TechUK Director of Markets Matthew Evans said:

    “We strongly support the government’s decision to allow the voluntary use of e-labelling, in line with our key recommendations during the UK’s product compliance framework review. This represents a modern and progressive approach by DBT and will undoubtedly cut compliance costs, foster innovation, and lessen environmental impact. It will also align the UK with major trading partners like the United States, China, Japan, and South Korea, improving our trading relationships.”

    A new ‘Fast-Track UKCA’ process will also be introduced, allowing manufacturers to use the UKCA marking to demonstrate compliance with either UKCA or recognised EU conformity processes. Where products are covered by multiple regulations, a mixture of both UKCA and CE conformity assessment procedures can be used.

    This is designed to provide longer-term certainty and flexibility for businesses should the UK mandate UKCA for certain regulations in the future.

    Notes to Editors:

    Regulations in scope of this announcement

    The Department for Business and Trade (DBT) regulations in scope of this announcement are:

    ·        Equipment for use in potentially explosive atmospheres Regulations 2016/1107

    ·        Electromagnetic compatibility Regulations 2016/1091

    ·        Lifts Regulations 2016/1093

    ·        Electrical Equipment (Safety) Regulations 2016/1101

    ·        Pressure Equipment (Safety) Regulations 2016/1105

    ·        Pyrotechnic Articles (Safety) Regulations 2015/1553

    ·        Recreational Craft Regulations 2017/737

    ·        Radio Equipment Regulations 2017/1206

    ·        Simple Pressure Vessels (Safety) Regulations 2016/1092

    ·        Toys (Safety) Regulations 2011/1881

    ·        Aerosol Dispensers Regulations 2009/ 2824

    ·        Gas Appliances (EU Regulation) 2016/426

    ·        Supply of Machinery (Safety) Regulations 2008/1597

    ·        Noise Emission in the Environment by Equipment for use Outdoors Regulations 2001/1701

    ·        Personal Protective Equipment (EU Regulation) 2016/425

    ·        Measuring Instruments Regulations 2016/1153

    ·        Non-automatic weighing instruments Regulations 2016/1152

    ·        Measuring Container Bottles (EEC Requirements) Regulations 1977

    For the Department for Environment, Food and Rural Affairs (DEFRA):

    ·        The Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Regulations 2012 (‘The RoHS Regulations’)

    For the Department for Energy Security and Net Zero (DESNZ):

    ·        The Ecodesign for Energy-Related Products Regulations 2010

    For the Department for Work and Pensions (DWP) [The Health and Safety Executive (HSE)]:

    ·        The Explosives Regulations 2014

    Regulations not in scope of this announcement:

    The UK government is taking a tailored approach to product regulation to ensure the interests of UK businesses, consumers and the economy are taken into account. There are certain sectors which require a bespoke approach to conformity assessment, and therefore extending recognition of the CE marking for products under the following regulations is not being included in this legislation. This includes:

    For The Department for Levelling up, Housing and Communities (DLUHC):

    ·        Construction Product Regulations 2013

    For The Department for Health and Social Care (DHSC) [- Medicines and Healthcare Products Regulatory Agency (MHRA)]

    ·        The Medical Devices Regulations 2002

    For the Department for Transport (DFT)

    ·        The Railways (interoperability) Regulations 2011

    ·        Merchant Shipping (Marine Equipment Regulations) 2016

    ·        The Cableway Installations Regulations 2018 (SI 2018/816) and The Cableway Installations (Amendment) (EU Exit) Regulations 2019 (SI 2019/1347).

    ·        The Carriage of Dangerous Goods and Use of Transportable Pressure Equipment Regulations 2009

    ·        Unmanned Aircraft Systems (UAS) Regulation 2019/945

  • PRESS RELEASE : Government pledges £500,000 to boost British services exports [January 2024]

    PRESS RELEASE : Government pledges £500,000 to boost British services exports [January 2024]

    The press release issued by the Department for Business and Trade on 24 January 2024.

    The government is committing £500,000 to help UK professionals such as architects, auditors and accountants export their services around the world.

    • Grants of up to £75,000 on offer for UK regulators to strike deals to get UK qualifications recognised overseas, which could help firms win international contracts
    • Previous rounds helped secure recognition arrangements with Switzerland and New Zealand

    More UK professionals will be able to provide their services around the world thanks to new government funding to help get UK qualifications recognised overseas.

    Grants of up to £75,000 will be awarded to UK regulators and professional bodies as part of the Recognition Arrangements Grant programme. The fund can help them strike deals with counterparts around the world to help make it easier, quicker and cheaper for UK professionals to have their qualifications recognised overseas.

    From engineers and architects to accountants and lawyers, the UK is world-renowned for its high-quality services companies. We are second biggest exporter of services in the world – behind only the US – and the UK’s services exports are currently at a record high.

    However, qualifying as an architect, accountant or lawyer in the UK doesn’t generally qualify you to practise abroad which means UK companies miss out on opportunities internationally. The Government is therefore pledging £500,000 to help facilitate agreements which can reduce the need for professionals to gain additional qualifications in foreign countries or go through potentially costly and burdensome bureaucracy.

    Minister for Trade Policy Greg Hands said:

    Obtaining professional qualifications in foreign countries can be expensive and slow for professionals like lawyers and accountants who want to export their world-class services overseas.

    Part of the answer is to secure mutual recognition agreements between the UK and other countries, to acknowledge each other’s professional qualifications.

    This new round of funding will help open new doors for UK-qualified professionals, allowing them and their firms to focus on winning contracts, exporting their expertise abroad and growing their businesses.

    This third round of funding follows previous successful rounds which led to:

    • Agreements between the UK’s Financial Reporting Council and their New Zealand and Swiss counterparts for auditors, allowing UK audit firms to sell their services more easily in those countries.
    • Work towards arrangements in sectors like legal services, accountancy and architecture with a range of jurisdictions such as Morocco, Hong Kong, and India.

    The new funding has been welcomed by UK regulators and professional bodies.

    Executive Director of Supervision at the Financial Reporting Council Sarah Rapson said:

    The Recognition Arrangements Grant Programme has been invaluable in supporting the FRC to successfully secure mutual recognition of audit qualifications with New Zealand and Switzerland with more agreements likely in 2024. This will boost the UK’s audit market and further strengthen the UK’s close financial ties with key overseas markets. The funding has specifically enabled the FRC to utilise independent technical expertise to provide confidence in our assessment process and ensure UK audit quality is robustly upheld.

    Chair of the Architects Registration Board Alan Kershaw said:

    The Architects Registration Board has recently entered into mutual recognition agreements with counterpart organisations in Australia, New Zealand and the USA, and we are currently exploring options for further agreements with other countries.

    The Recognition Arrangements Grant Programme has helped us expand the speed and scale at which we can pursue new agreements with other countries, which will open up international opportunities while maintaining the high standards and safety that the public expect from architects here in the UK.

    More global recognition agreements can help businesses and professionals access new markets, reduce barriers to trade, and make it easier for UK businesses to export their services worldwide.

    UK services exports were £472 billion in the year ending November 2023, up £65 billion (16%) in current prices from the previous year.

    The Recognition Arrangements Grant programme will run until 31 March 2025, with grants of up to £75,000 per financial year awarded to UK regulators and professional bodies.

  • PRESS RELEASE : New laws set to ban mandatory hidden fees from online shopping, saving money for consumers [January 2024]

    PRESS RELEASE : New laws set to ban mandatory hidden fees from online shopping, saving money for consumers [January 2024]

    The press release issued by the Department for Business and Trade on 24 January 2024.

    New laws to be introduced to ban unavoidable hidden fees to force businesses to be upfront with customers.

    • Fake reviews will be added to banned practices
    • Unavoidable hidden fees cost consumers £2.2 billion every year

    Fake reviews, shop labelling and hidden fees that make shopping more difficult and expensive for consumers will all be targeted head on to clamp down on unfair trading practices.

    Following a consultation into consumer transparency and as part of the Digital Markets, Competition and Consumer Bill (DMCC), the Department for Business and Trade will officially add fake reviews to a list of banned business practices, outlaw dripped fees that are unavoidable for consumers and ensure that businesses provide clearer labelling for prices on supermarket shelves.

    These measures will be legislated for as part of the DMCC Bill as it progresses through Parliament.

    Sneaky hidden fees, or dripped prices that are unavoidable will be banned. Drip pricing occurs when consumers are shown an initial price for a good or service while additional fees are revealed (or “dripped”) later in the checkout process.

    Research suggests it is widespread and occurs in more than half of providers in the entertainment (54 percent) and hospitality (56 percent) industry, and almost three quarters across transport and communication (72 percent) sectors.

    Every year, unavoidable fees cost consumers £2.2 billion, which is why these laws are being designed to ensure online shoppers have a clear idea of what they are spending upfront, to inform them as much as possible and as soon as possible before making purchases.

    To make it easier for consumers to compare products and services, fees that are mandatory must be included in the headline price or at the start of the shopping process – these include booking fees for cinemas and train tickets. Optional fees such as airline seat and luggage upgrades for flights will not be included in these measures.

    Minister for Enterprise, Markets and Small Business Kevin Hollinrake said:

    From supermarket shelves to digital baskets – modern day shopping provides customers with more choice than ever before. But with that, comes the increased risk of confusion, scams and traps that can easily cost the public more than they had planned.

    Today’s announcement demonstrates the clear steps we’re taking as a government to ensure customers can compare purchases with ease, aren’t duped by fake reviews, and have the sting of hidden fees taken away.

    Reviews were found to be used by 90% of consumers and contributed to the £224 billion spent in online retail markets in 2022, which is why this government is committed to ensuring that the information available online is accurate and fair.

    Working with the Competition and Market’s Authority, new guidance will be created in the coming months to tackle fake reviews which will be added to the list of banned practices, with website hosts held accountable for reviews on their pages.

    The Price Marking Order (PMO), a piece of Retained EU Law, will also be reformed now we have taken back control of our laws.

    The PMO requires traders to display the final selling price and, where appropriate the final unit price (e.g., price per litre/kilogram) of products in a clear way. The EU’s PMO laws were last updated 20 years ago and no longer reflect modern shopping habits.

    We will be working with stakeholders and businesses to create new, simpler and clearer guidance for pricing labels that works best for British businesses and improves the shopping experiences for UK customers. This is expected to be issued in the spring.

    Our proposed changes will ensure unit pricing is consistently applied, including to promotions and special offers, helping consumers compare products easily and identify what items represent the best value to them.

    Small shops that are currently exempt from the PMO will continue to be exempt from those specific measures.

    Graham Wynn, Assistant Director, British Retail Consortium said:

    The BRC looks forward to continuing to work with officials as practical detailed implementation plans are developed. We are committed to ensuring information given to consumers is clear and they are not misled in any way.

    We will also be making provision for the PMO in relation to the Deposit Return Scheme so the cost of the deposit is displayed separately on price labels.

    In addition to fake reviews and hidden fees, the DMCC Bill will also look at other consumer issues including subscription traps, and will provide the CMA with stronger tools to investigate competition problems and take faster, more effective action, including where companies collude to bump-up prices at the expense of UK consumers.

  • PRESS RELEASE : UK takes action to boost supply chain resilience for critical goods and back businesses [January 2024]

    PRESS RELEASE : UK takes action to boost supply chain resilience for critical goods and back businesses [January 2024]

    The press release issued by the Department for Business and Trade on 17 January 2024.

    The Department for Business and Trade launches the Critical Imports and Supply Chains Strategy, safeguarding UK supplies of critical goods such as medicines, minerals and semiconductors.

    • Imports of critical goods for the NHS and UK manufacturing to be protected from global supply chain shocks, safeguarding business and consumers and boosting the economy.
    • New Critical Imports and Supply Chains Strategy forms key part of government work to back business and grow the economy, helping UK companies build strong and resilient supply chains for vital goods and avoid dependence on protectionist or coercive states.
    • Cutting-edge research will be used to map the impacts of shocks on supply chains, such as those caused by the Covid pandemic and war in Ukraine and understand how the UK can secure the goods we need in future.

    UK supplies of critical goods such as medicines, minerals and semiconductors will be safeguarded, thanks to the Government’s new Critical Imports and Supply Chains Strategy launched today (Wednesday 17 January).

    The recent attacks in the Red Sea, one of the world’s most critical waterways, has threatened global trade. In response to increased geopolitical disruption, and the unprecedented challenges of recent years, like the Covid pandemic, Russia’s invasion of Ukraine and environmental disasters, the UK Government and businesses have boosted their ability to manage supply chain shocks. This strategy builds on this and will further equip UK businesses to deal with global supply chain problems and access the imports they need which are essential to the functioning of the UK.

    Imported goods are vital to our economy. They ensure lower prices, greater choice, and help businesses to be more productive. They enable innovation, drive growth, and are essential to the UK’s world-leading industries, from aerospace to life sciences.

    More than 100 top UK firms, including pharmaceutical and manufacturing leaders like The Association of the British Pharmaceutical Industry (ABPI), the Society of Motor Manufacturers and Traders (SMMT) and Green Lithium have contributed to the strategy to ensure it helps develop resilient and secure supply chains that protect both their business and the consumers who rely on them.

    Minister for Industry and Economic Security Nusrat Ghani will launch the Strategy today during a visit to Heathrow Airport, the largest import hub in the UK which handled more than £86 billion of UK imports in 2022.

    Minister for Industry and Economic Security Nusrat Ghani said:

    There are many unpredictable events that can threaten our access to vital goods, from the pandemic, Russia’s illegal war in Ukraine, and the ongoing attacks in the Red Sea. That’s why we’re taking action to ensure crucial imports like medicines can reach consumers, no matter what happens around the world.

    With this strategy we’re equipping business so they no longer have to rely on unpredictable partners for supplies of the goods that keep our country going. By making supply chains stronger we’re helping make the UK a truly safe and reliable place to do business.

    Ross Baker, Chief Commercial Officer, Heathrow said:

    Heathrow connects the UK to 95% of the world’s economy and facilitates imports of the high value, time-critical goods that British industries like pharmaceuticals, manufacturing and technology rely on. We welcome Government initiatives that make doing business in the UK easier and more efficient, from shoring up supply chains to streamlining cargo processes at the airport, so Heathrow can meet growing demand to import and export across the globe.

    The Critical Imports and Supply Chains Strategy will enable government to share vital information and guidance with businesses on the risks to key supply chains and the practical steps they can take to protect themselves from disruption, including regular updates on emerging supply chain risks, such as new export bans on critical everyday goods imposed by other countries.

    As part of the strategy, we will set up a new online portal to allow businesses to quickly report red tape or disruption affecting their critical imports. The government will then work to remove these barriers wherever possible, saving business time and money.

    We will also pursue further trade deals to help UK importers access the critical goods they need efficiently and affordably. This provides certainty for traders, allowing businesses to make informed decisions and reduce delays at the border, helping drive growth and streamlining costs.

    The strategy sets out how we will use cutting edge research to understand the impacts of shocks on supply chains and how we can secure the critical goods we need in future. This will include researching how climate change will impact on our key supply chains, and how to mitigate the impact of environmental disasters.

    We will also set up a new Critical Imports Council that will allow businesses and government to work together to identify risks to critical imports and develop a plan of action – ensuring that business have a central voice in shaping government’s work to build supply chain resilience.

    Richard Torbett, ABPI Chief Executive said:

    The government’s approach to the critical imports for pharmaceuticals will support our industry to maintain resilient supply chains, helping to ensure consistent access to medicines for UK patients. The medicines and vaccines developed by our industry are vital to public health and the economy. Recent global events like the pandemic have shown that our industry can manage and address global supply chain shocks, especially when working collaboratively with government, and this strategy supports our industry in doing so going forward.

    Mike Hawes, SMMT Chief Executive said:

    With our success powered by complex global supply chains, the automotive industry has been pleased to help shape a new strategy that will support manufacturing agility and responsiveness. As we accelerate production of the cleanest and greenest vehicles, and the batteries they need, such a strategy is essential and we look forward to continuing this vital engagement to boost Britain’s resilience and competitiveness – essential to the continued success of the UK as a top tier investment destination for the automotive sector.

    Sean Sargent, Green Lithium Chief Executive said:

    Green Lithium is pleased to support the new Critical Imports & Supply Chains Strategy. This strategy will help ensure that Green Lithium can acquire the critical minerals it requires to supply the UK’s first low-carbon lithium refinery, further advancing a UK battery supply chain and electric vehicle production. This endeavour will support the UK economy by creating sustainable employment opportunities and supply chains that are fundamental to the energy transition. In combination with the UK Critical Minerals Strategy and the US-UK Atlantic Declaration, we anticipate that this strategy will attract investment in the UK’s critical mining and refining industries and enhance relationships with key mining countries, including Australia, Canada and Brazil. We are grateful to all those involved in establishing this vital strategy.

    The Government will also attract international investment to projects like lithium mining in Cornwall to make us more self-sufficient in critical goods used in industries like electric vehicles production and clean energy.

    Through the strategy, we will also identify the support UK business needs to connect with new suppliers in international markets, including through our overseas network in more than 100 countries. At the same time, we will use our expertise to support developing countries build supply chains with new international markets, including the UK.

    The strategy also sets out how the UK government will work with our friends and international partners to solve supply chain challenges, through steps like the Atlantic Declaration. This partnership with the US includes negotiation of a new critical minerals agreement that will bolster our vital supply chains and ensure the UK’s access to materials we need for future technologies.

  • PRESS RELEASE : UK launches new tech programme in partnership with Ukraine [January 2024]

    PRESS RELEASE : UK launches new tech programme in partnership with Ukraine [January 2024]

    The press release issued by the Department for Business and Trade on 15 January 2024.

    New programme launched to boost trade and innovation between UK and Ukraine.

    • UK and Ukraine launch new tech initiative to further support Ukraine’s recovery following Putin’s illegal invasion
    • The UK-Ukraine TechBridge encourages collaboration between UK and Ukrainian tech sectors to boost investment and trade, innovation and skills, to the benefit of both countries
    • Minister for Industry and Economic Security Nusrat Ghani delivers speech in London to companies and investors as part of the official launch, along with Ukrainian Deputy Minister of Digital Transformation and private sector partners

    The UK and Ukraine have today launched a new initiative to facilitate commercially-driven partnerships and growth in both tech sectors and further support Ukraine’s recovery.

    The UK-Ukraine TechBridge aims to support economic resilience for Ukraine while bringing benefits to the tech sectors in both countries.

    The initiative will seek to facilitate digital trade and investment by supporting relationships between high potential Ukrainian businesses and UK tech firms and investors, and through a series of virtual “missions” in priority sectors such as healthtech, agritech and fintech.

    A number of UK-based tech companies have worked together to present a set of free online training opportunities alongside in-person and online expert discussions for Ukrainian businesses looking to develop their skills.

    Following an agreement signed last year, Minister for Industry and Economic Security Nusrat Ghani will officially launch the UK-Ukraine TechBridge with Ukrainian Deputy Minister of Digital Transformation Oleksandr Bornyakov, in London today.

    Minister for Industry and Economic Security Nusrat Ghani said:

    As Minister for Ukraine Reconstruction, I am delighted to be launching this fantastic programme, building connections between the UK and Ukraine tech companies.

    Ukraine’s tech sector has provided crucial support throughout the war and is key to the country’s resilience and future recovery.

    By building partnerships between British and Ukrainian businesses and promoting innovation, we are demonstrating the power of trade, and are helping lay the foundations for Ukraine’s long-term recovery opening up future opportunities for businesses on both sides.

    The programme will ensure that both British and Ukrainian tech businesses sectors have access to each other’s markets for commercial opportunities, making the most of the UK-Ukraine Digital Trade Agreement.

    The TechBridge website is accessible as of today, and in-person missions for Ukrainian companies will start as early as March. Organisations or individuals are invited to sign up to receive more information as we continue to build the offer and set up specific events.

    Ukraine Deputy Minister of Digital Transformation Oleksandr Bornyakov said:

    The UK-Ukraine TechBridge is a platform that brings together the potential and the expertise of both Ukrainian and UK’s tech sectors.

    Its launch provides crucial support for Ukraine’s IT industry.

    I am confident that, through the UK-Ukraine TechBridge, numerous large-scale joint projects will be implemented, setting an example of successful, mutually beneficial international partnership for other countries.

    The UK remains a key partner for Ukraine’s reconstruction efforts and this programme adds to the UK’s commitment to ensure UK companies are well-placed to maximise their contribution to one of the largest infrastructure programmes globally.

    Background

    • More information about the TechBridge can be found on the dedicated website: ukukrainetechbridge.org.
    • The intention to establish TechBridge was announced by the UK Prime Minister at the Ukraine Recovery Conference in London in June 2023. We have developed strong relationships with Ukrainian officials and ministers to identify immediate needs and provide the expertise of UK businesses, as prioritised by the Government of Ukraine.
    • The UK is supporting private sector engagement with Ukraine through several initiatives including on war insurance, and a CityUK-Ukraine Hub for sharing expertise in financial and professional services. The UK signed the UK-Ukraine Digital Trade Agreement in November 2023, read more on gov.uk.
  • PRESS RELEASE : Polish Armaments Group agrees defence agreements with UK firms [January 2024]

    PRESS RELEASE : Polish Armaments Group agrees defence agreements with UK firms [January 2024]

    The press release issued by the Department of Business and Trade on 12 January 2024.

    The Polish Navy’s Miecznik (“Swordfish” in Polish) frigates programme will now begin its next phase of development.

    • Latest phase of “Miecznik” programme to get underway in Poland
    • Three major UK defence companies will help build state-of-the-art multi-mission frigate fleet
    • “A major vote of confidence in our world-class expertise” – UK Investment Minister

    The UK Government has welcomed deals between three of the UK’s largest defence contractors and the Polish Navy.

    The Polish Navy’s Miecznik (“Swordfish” in Polish) frigates programme will now begin its next phase of development.

    An agreement between MBDA UK and the Polish Armaments Group (PGZ) was signed today. This is the third of PGZ’s contracts with UK companies under the Miecznik programme, following agreements with Babcock and Thales UK. The first of the three multi-mission frigates is expected to enter service in 2029.

    Investment Minister Lord Dominic Johnson said:

    Our defence exports are good for the economy and boost investment and jobs across the country.

    This agreement is a major vote of confidence in our world-class industrial expertise. Poland is a key partner for the UK, and this partnership will further strengthen the Polish fleet by putting some of the best UK capabilities behind it.

    The UK government has supported negotiations for a series of strategic agreements between three major UK defence companies and the Polish Armaments Group.

    UK Defence and Security Exports (UKDSE), part of the UK Department for Business and Trade, has been a key player in facilitating and securing these deals, in close collaboration with the Ministry of Defence and Royal Navy. The aim is to strengthen long-term economic and defence cooperation between the two countries and support the UK’s competitive export offer.

    These agreements mean the frigates will be built in Poland with substantial transfers of technology and skills, boosting the economic security of a key NATO ally.

    Minister for Defence Procurement James Cartlidge said:

    It is a testament to our outstanding defence industry that our key NATO ally has chosen warships based on the AH140 design – a design utilised by the Type 31 Frigates soon to be in service with the Royal Navy. The ships will enhance the Polish fleet, bolster NATO capabilities and support interoperability between the UK and Poland.

    These agreements are also another example of the very close working relationship we have with our Polish counterparts, building on our progress in many areas of defence.

    Each company plays a crucial role in the Polish frigate programme as a partner of the Miecznik consortium led by PGZ.

    Through a design licence agreement for its Arrowhead 140 frigate, Babcock is the platform design provider and strategic technology partner. The company is also a key part of the Programme Management Office which oversees design and construction of the ships.

    Thales UK will equip the frigates with the TACTICOS combat management system, sensors and radars, while MBDA UK will provide its Sea Ceptor naval air defence system, which will be equipped with CAMM (Common Anti-Air Modular Missile) family missiles that have been recently procured by Poland for ground-based air defence.

  • PRESS RELEASE : Business and Trade Department announces new Trade Remedies Chair [January 2024]

    PRESS RELEASE : Business and Trade Department announces new Trade Remedies Chair [January 2024]

    The press release issued by the Department for Business and Trade on 11 January 2024.

    The Department of Business and Trade has today (11 January 2024) announced the appointment of Nick Baird CMG CVO as the new Chair of the Trade Remedies Authority, for an initial term of three years.

    Nick, Chair of the charity Carers UK, is succeeding Simon Walker CBE who stepped down in August 2023 after three years in the position.

    Nick has extensive government experience. From September 2011 to December 2013, Nick served as Chief Executive of UK Trade and Investment (UKTI). Prior to this Nick worked in the Foreign and Commonwealth Office, serving as Director General for Europe and Globalisation from 2009 to 2011, and Ambassador to Turkey from 2006 to 2009.

    After leaving UKTI, from March 2014 to May 2022, Nick served as Group Corporate Affairs Director at Centrica, a UK energy services and solutions provider. More recently, Nick has worked as a freelance Policy and Communications Consultant.

    The Trade Remedies Authority is an executive non-departmental public body, sponsored by the Department for Business and Trade. It investigates whether new trade remedies are needed to prevent injury to UK industries caused by unfair trading practices and makes recommendations on appropriate measures to preserve UK economic interests.