UK aims for 5-year investment strategy
Published 31 July 2006
London, 31 July 2006
Britain has launched a new five-year strategy to help British business to internationalise and contribute to the prosperity of the UK.
The five-year strategy, called for by Chancellor Gordon Brown in his budget statement of March 2006, will support businesses seeking to internationalise in a globalised world and win market share in the new high growth economies, and maximise the UK's ability to attract foreign direct investment.
The activity set out in this strategy contributes to a number of government objectives, according to officials.
It supports the Treasury’s aims on globalisation, set out in the publication, Globalisation and the UK: strength and opportunity to meet the economic challenge. And it plays a key role in delivering the Department of Trade and Industry’s aims of working to create the conditions for business success and helping the UK respond to the challenge of globalisation.
It contributes to the Foreign Office’s strategic priorities that were outlined in a white paper, Active Diplomacy for a Changing World: The UK’s International Priorities.
The activity that forms part of the strategy are seen to be contributing to the Treasury, DTI and Department for Education and Skills Science and Innovation Investment Framework 2004–2014.
Plus it supports the devolved administrations and the regional development agencies to achieve their economic objectives.
It underpins the government’s commitment to sustainable growth in developing countries by promoting the UK as a competitive source of high quality financial, professional, telecommunications, transport and infrastructure services – vital for economic development.
A foreword jointly signed by Chancellor Gordon Brown and three other senior ministers said, "the UK must think globally. Future economic prosperity will only come from UK companies exploiting opportunities overseas and by attracting the best overseas companies to invest here. We need to make sure we seize new opportunities if we are to keep the UK well positioned in the changing world economy."
“The UK presence at the 2006 3GSM World (Telecommunications) Conference was well coordinated and professional. The UK has a lot of successful innovative firms and this is an excellent example of the way in which UKTI can take the leading role in showcasing our business strengths, as a nation, for maximum impact internationally.”
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