UK Trade & Investment (UKTI) CEO Nick Baird addressed delegates from SMEs at a conference yesterday. He discussed how they can work with large corporations to become part of their supply chains and so access the major opportunities in today's global market place.
Many UK companies have already ventured in to high growth markets or put in strategies in place to benefit them. Baird encouraged small business owners with the relevant skills and experience to become part of the consortium to access high-value opportunities such as the major rail development projects in India and the Gulf or the reconstruction of Libya.
“UK Trade & Investment has an increased focus on helping British companies access more of the many large-scale opportunities that exist in today’s global marketplace,” he said. “We can offer British companies of all sizes access to our global network of expertises to help them win more of these high value opportunities which in turn will contribute to the delivery of a stronger economic recovery and long-term sustainable growth for the UK.”
Large-scale international projects and contracts offer huge opportunities for British business, according to UKTI. The market, from major infrastructure, manufacturing and engineering, through to big supply or value chain opportunities, runs into trillions. It identifies large opportunities such as in Brazil where more than £10bn will be spent on the Rio 2016 Olympic Games infrastructure. Recent economic growth in China has resulted in a hugely increased demand in healthcare provision. The China Healthcare project includes the construction of 2,000 hospitals, which UK companies have the expertise to build said UKTI.