By Daniel Hunter
Manufacturing firms have been given a boost in global trade as EEF, the manufacturers' organisation, and UK Trade & Investment (UKTI) signed a partnership agreement.
The partnership will see both organisations help to boost exports and attract greater inward investment in the UK.
EEF said the deal demonstrates its commitment to supporting UKTI in achieving the Government’s £1trillion export target by 2020.
The agreement, signed by UKTI CEO Dominic Jermey and EEF CEO Terry Scuoler, will see both organisations working closely together to build stronger partnerships with manufacturers, boost overseas trade missions and raise greater awareness of the support available from UKTI.
Terry Scuoler, CEO of EEF, said: “Improving our export performance is key to helping Britain achieve the better-balanced economy needed to deliver long-term stability and growth. UKTI has a vital role to play in helping companies to increase their global footprint. We will now work together to ensure that manufacturers are aware of the support it provides in finding new markets overseas, as well as smoothing the way for new exporters.”
Dominic Jermey, CEO of UKTI, said: “As part of our strategy to build stronger relationships with our partners, I am delighted to be working closer with British manufacturers through EEF to drive towards sustainable economic growth through exports. The scale of ambition to achieve our £1 trillion export target by 2020 will require a full team effort with Government and business working together. This partnership will be a very positive step forward towards this goal.”
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