UK Trade & Investment - Wikipedia 05/09/2023, 17:44

UK Trade & Investment

UK Trade & Investment (UKTI) was a UK Government
department working with businesses based in the United UK Trade & Investment
Kingdom to assist their success in international markets, Welsh: Masnach a Buddsoddiad
and with overseas investors looking to the UK as an y DU
investment destination.[2] It was replaced in July 2016 by
the Department for International Trade.[3]

History
UKTI was formed in May 1999 as British Trade
International, comprising two parts: Trade Partners
UK (for export promotion) and Invest UK (for inward
investment - FDI). In October 2003, the former department
name and two inner departments merged and became UK
Trade & Investment to simplify the outward recognition
of the organisation, and possibly to reduce confusion with
the two departments.

Aims Non-ministerial government

department overview
To support its aim to "enhance the competitiveness of
Formed October 2003
companies in Britain through overseas trade and
investments; and attract a continuing high level of quality Preceding Non- British Trade
foreign direct investment".[4] ministerial International
government

Structure department
Dissolved July 2016
UK Trade & Investment is an international organisation Superseding Department
with headquarters in London and Glasgow in Scotland. agency for
Across its network UK Trade & Investment employs around International
2,400 staff and advisers, including overseas in British
Trade
Embassies, High Commissions, Consulates and trade
offices, and regional offices in the nine English regions. [5] Jurisdiction United
Kingdom
The delivery of many UKTI regional services within the Headquarters 1 Victoria
United Kingdom is contracted out to other organisations. In
Street,
Devon, Cornwall and Somerset, UKTI regional services are
London,

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now delivered by Serco,[6] In China, the China Britain SW1H 0ET

Business Council, another private body, is the provider. Employees 2,331

Business and university leaders work with UKTI as Annual budget £270 million
"business ambassadors". They promote the UK (2009-2010)[1]
internationally and highlight trade and investment
Website www.gov.uk
opportunities. They focus on helping small and medium-
sized enterprises (SMEs). /ukti (https://w
ww.gov.uk/ukti
UK Trade & Investment brings together the work of the )
Foreign & Commonwealth Office and the Department for
Business, Energy and Industrial Strategy. The UK Special Representative for International
Trade and Investment works as part of UKTI to promote British business and produce.

UK Trade & Investment has public-private partnership agreements with the Federation of
International Trade Associations under which they contribute market research and other
reports on GlobalTrade.net.[7]

UK Trade & Investment has an arms-trade branch called UKTI DSO (UK Trade & Investment
Defence & Security Organisation) headed by Sir Richard Paniguian.[8]

See also
Economy of the United Kingdom
Free trade agreements of the United Kingdom

References
1. UKTI Resource Accounts 2009-2010 (http://webarchive.nationalarchives.gov.uk/201011231
45241/http://www.ukti.gov.uk/download/file/114708.html), UK Trade & Investment, 22 July
2010, archived from the original (http://www.ukti.gov.uk/uktihome/aboutukti/item/114708.html
) on 23 November 2010, retrieved 19 December 2010
2. "UK Trade & Investment - GOV.UK" (http://www.ukti.gov.uk). Ukti.gov.uk. Retrieved 22 July
2015.
3. "UK Trade & Investment" (https://www.gov.uk/government/organisations/uk-trade-investmen
t).
4. "Quantamental investing" (https://kailashconcepts.com/quantamental-investing-a-brief-prime
r-on-kcrs-toolkits/).
5. "UKTI Resource Accounts 2009-10, Staff Numbers and Related Costs" (http://www.ukti.gov.
uk/uktihome/aboutukti/ourperformance/officialreports/departmentalreportresourceaccounts.h
tml). Ukti.gov.uk. p. 67. Retrieved 22 July 2015.
6. The Committee Office, House of Commons (28 January 2010). "House of Commons -
Exporting out of recession - Business, Innovation and Skills Committee" (https://publications
.parliament.uk/pa/cm200910/cmselect/cmbis/266/26607.htm). Publications.parliament.uk.
Retrieved 22 July 2015.
7. "The Directory for International Trade Services" (http://www.globaltrade.net).
GlobalTrade.net. 3 February 2015. Retrieved 22 July 2015.

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UK Trade & Investment - Wikipedia 05/09/2023, 17:44

8. "UK Trade & Investment Defence & Security Organisation - GOV.UK" (http://www.ukti.gov.uk
/defencesecurity/aboutuktidso.html). Ukti.gov.uk. Retrieved 22 July 2015.

External links
Official website (https://www.gov.uk/ukti)

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