Trade Mission to the United Kingdom

Led by Governor Gary R. Herbert
Date: Monday, Jul 08 - Wednesday, Jul 10, 2013
Location: London
Address:

Application deadline extended to Friday, June 21

Join Governor Herbert and GOED on this unique trade mission to the United Kingdom. Explore opportunities to expand your company's global trade. We will experience the dynamic United Kingdom market and receive advice from local experts while receiving hands-on services from companies on the cusp of cutting-edge technologies.

Events will include:

  • Utah Reception in downtown London at an exquisite private residence overlooking the city
  • Tour hot sectors including: Level 39, Tech City, and One Nucleus
  • Private tour of Cambridge University with the Vice-Chancellor and deans of the Judge Business School

There are many reasons to do business with our partners in the UK. Below you will find information on the economic situation, promising industry sectors for business in the UK and details on financing this rewarding opportunity to grow your business overseas.

Economic Overview

The United Kingdom is the seventh largest economy in the world ($2.3 trillion) and is the largest market in the world for Utah exports. More than 7,500 U.S. firms have a presence in the United Kingdom, which is also the top location in Europe for U.S. regional headquarters covering Europe, Africa, and the Middle East. The sectors with promising economic growth include:

  • Aerospace: The United Kingdom aerospace industry is the second largest behind the U.S. Total United Kingdom aerospace sales in 2011 were $36.6 billion. Military aircraft sales have increased by 35 percent since 2002. Demand in the United Kingdom includes: aircraft systems and frames, engines, and equipment.

  • Medical Equipment: Valued at $8.5 billion, the United Kingdom medical equipment market is the world's sixth largest and Europe's third largest. The U.S. is the most important overseas source of medical devices, with an estimated $1.7 billion or 20 percent share of the market in 2011.

  • Information and Communication Technology (ICT): The United Kingdom is a highly sophisticated market with strong demand for products and services that improve productivity, including ICT software and services that lower costs and improve business efficiencies.

  • Security: There is ongoing, strong demand for a wide range of equipment and services related to safety, security, and cyber security.

  • Environmental Technologies and Low Carbon Energy Products and Services: The United Kingdom Climate Change Act is the world's first long-term, legally binding framework to address climate change through renewable energy with a target of 34 percent reduction in greenhouse gas emissions by 2020, and 80 percent by 2050. The United Kingdom's commitment to low-carbon targets is driving market demand for U.S. products and services in the area of renewable energy, low carbon technologies, green technologies, and Smart Grid technologies.

Reasons to Attend

  • Appointments with key government officials and industry experts
  • Networking opportunities with chambers of commerce and U.S. companies doing business in-country
  • One-to-one meetings with pre-qualified distributors and potential business partners
  • Pre-arranged logistics including hotels, ground transportation, interpreters, and daily itinerary

For more information, please contact Aaron Neuenschwander at 801.538.8737 or aneuenschwander@utah.gov.

Sba
Funded in part through a grant award with the U.S. Small Business Administration