FKI Breakfast Event , Seoul

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Presentation transcript:

FKI Breakfast Event 06.26.09, Seoul The UK Economy in the Global Downturn: Prospects for Inward Investment Presentation by Mr. Brian Shaw, Managing Director, UK Trade and Investment FKI Breakfast Event 06.26.09, Seoul

Introduction to UKTI Over 150 Korean companies in the UK UKTI offers free, confidential and tailored advice Support to new and existing investors Help with location, sector information, access to finance, banking, legal advice, introduce partners etc… June 26 2009

Global Economic Context Downturn has had global impacts World GDP to shrink by at least 1.5% UK and Korea not immune Swift government action has steadied the outlook Flat growth for UK in 2010/11 World GDP Growth 1970-2014* *Source: IMF. (2009-2014, projected figures) June 26 2009

Investment to the UK: Still rising Despite downturn, an impressive performance 11% increase on 2008/9 1,744 projects from 53 countries 18 projects from Korean companies in many different sectors Number one destination for investment in Europe Number of overseas investment projects in the UK June 26 2009

The UK: Diverse, dynamic, innovative World’s sixth largest manufacturer 30% of global defence market Home to 6 out of 10 Formula 1 teams 13% of global aerospace manaufacturing World’s largest installed capacity of offshore wind generation Developed one fifth of all medicines 1% of world population, 9% of all scientific research June 26 2009

The UK: Diverse, dynamic, innovative 70 Nobel Prizes All of Europe’s top six universities Largest insurance market in the world World’s leading financial centre 255 foreign banks in London Europe’s largest ICT industry Strongest ICT infrastructure in Europe June 26 2009

UK: Springboard for Global Growth One of the most open, competitive and transparent tax and regulatory environments in the world. Highly skilled, flexible and diverse labour force. Sixth easiest place to do business in the World (World Bank) 57% of all European Headquarters located in UK Gateway to international connections Access to European markets: 500m consumers UK Trade and Investment ready to help you grow your business – free, confidential, tailored advice June 26 2009

FKI Breakfast Event 06.26.09, Seoul The UK Economy in the Global Downturn: Prospects for Inward Investment Presentation by Mr. Brian Shaw, Managing Director, UK Trade and Investment FKI Breakfast Event 06.26.09, Seoul