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Search resuls for: "Department for Business and Trade"


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UK Export Finance helps ethnic minority-led businesses win, fulfill, and get paid for international business by providing guarantees, insurance and loans to support export activities. UK Export Finance (UKEF) is the UK government's export credit agency. UKEF can help ethnic minority-led businesses through its network of regional Export Finance Managers (EFMs) based around the UK. Once a business has an export plan in place, UK Export Finance can make it a reality by providing finance support. Supporting ethnic minority-led businesses to access export financeEthnic minority-led businesses contribute £25 billion to the UK economy per year, according to research from the Federation of Small Business.
Persons: Hitesh Patel, EFMs, Alissia Deane, Patel, Deane, they're, it's Organizations: Export Finance, UKEF's Export Insurance, Department for Business and Trade, Federation of Small, UK Finance, Research, The British Business Bank, London Chamber of Commerce, Venture Capital, UKEF, Department for Business, Trade, UK Export Finance, Insider Studios Locations: London, West Yorkshire, DBT, UKEF
CNN —Fireworks likely caused the death of a baby red panda at Edinburgh Zoo after she became so stressed that she choked on her own vomit, experts from the Royal Zoological Society of Scotland (RZSS) said on Thursday. Roxie’s mother Ginger had died a few days earlier but the baby red panda “was responding well to specialist care from our expert team and was feeding independently,” said RZSS deputy chief executive Ben Supple in a statement. RZSS, a wildlife conservation charity that runs Edinburgh Zoo, is now calling for tighter restrictions on fireworks given the risks they pose to animal welfare. Like Roxie, a baby zebra died after being spooked by the sounds of fireworks at Bristol Zoo in November 2020. This would help avoid devastating consequences for animals like Roxie while ensuring that people can still enjoy traditional celebrations,” he said.
Persons: Roxie, Roxie’s, Ginger, , Ben, “ Roxie, Roxie's, , Siobhian Brown, doesn’t Organizations: CNN, Edinburgh Zoo, Royal Zoological Society of Scotland, RSPCA, Bristol Zoo, Edinburgh, Department for Business, Trade, Scottish Locations: Scottish
It has been operating a postal service in England since the reign of Henry VIII. EP Group has until May 29 to convert its £3.5 billion ($4.4 billion) non-biding offer into a formal bid for IDS. The likely sale would come after a difficult few years for Royal Mail, which was privatized in 2013. ‘As British as it gets’The potential buyout of Royal Mail has stirred anxieties about the consequences of the iconic British institution coming under foreign ownership. “Royal Mail is an important national asset that would benefit from being able to take a longer-term view,” the firm said.
Persons: Henry VIII, Daniel Křetínský, Křetínský, Patrik Tkáč, Rishi Sunak, Kemi Badenoch, Dave Ward, , ” Ward, Jonathan Reynolds, ” Ivana Kottasová Organizations: London CNN — Royal Mail, Distribution Services, IDS, Royal Mail, UK Department for Business, Trade, CNN, Bloomberg, Equity Investment, Newsweek, West Ham United Football Club, Reuters, Communication Workers Union, Labour Party, Royal, Labour Locations: England, Czech, British, United States, FNAC, France, United Kingdom, West
A special cover is used on a farm's waste collection areas (known as slurry lagoons) to catch methane emissions that would otherwise escape into the air. CNH IndustrialThe potential of the methane tractor extends far beyond the farm. Industry leaders pulled together to work on the projectThe success of the methane tractor project is testament to the power of collaboration. Beyond the agricultural sector, the methane tractor project holds promise for transforming the entire automotive sector. By demonstrating the viability of alternative fuel technologies in heavy-duty vehicles, this initiative paves the way for a more sustainable future in transportation.
Persons: Andrew Damant, CNH, Derek Neilson, Eminox, David Phillips, Neilson Organizations: UK's Department for Business and Trade, Advanced Propulsion Centre, Eminox, Mobile, Automotive Transformation Fund, Advanced, Industry, Insider Studios, UK Department for Business, Trade Locations: Cornwall, Europe, CNH, New Holland
As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.
Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire
Following its success, the program has been extended to an additional four English regions with the aim of helping the UK recapture its industrial spirit. In 2017, an independent review board led by Jurgen Maier, then CEO of Siemens UK, made a startling proposal: If UK businesses adopted digital technology at a faster rate, the country's industrial productivity could increase by a remarkable 25%. "Long term, our objective is to boost UK growth and productivity, through increasing innovation and adoption of industrial digital technologies across the whole of manufacturing." "Our ambition is for the UK to be the best place in the world to start and grow a manufacturing business," Clark said. Learn more about how the UK can support your manufacturing business.
Persons: Jurgen Maier, Patrick Mroczak, Adam Hodgkinson, Patrick, Jake Wright, Lusso, Wright, Mackinnon, Saunders, Guillermo del Toro, Oscar, Peter Saunders, We've, Michael Clark, Clark Organizations: Siemens, Nutree, Auto, Netflix, Mackinnon, Manufacturing, UK's Department for Business, Trade, Insider Studios, UK Department for Business Locations: North, England
Britain signs state-level trade accord with Washington
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +2 min
Britain had hoped for a sweeping bilateral trade deal with the United States after splitting from the European Union, but with President Joe Biden putting all talks on free trade agreements on hold, the British government has pursued state-level agreements instead. The British trade ministry said aerospace would be a priority sector under the Washington MoU, with Boeing (BA.N) being based in the state. The MoU with Washington is the sixth such agreement with a U.S. state. Washington state is also the home of Amazon (AMZN.O), Starbucks (SBUX.O) and Microsoft (MSFT.O), and is the state with the 11th highest gross domestic product (GDP). The six U.S. states covered by MoUs with Britain have a combined GDP of over 2 trillion pounds ($2.4 trillion), Britain said.
Persons: Nusrat Ghani, Kirsty Wigglesworth, Britain, Joe Biden, Ghani, Alistair Smout, William James Our Organizations: Britain's, State Department for Business, Conference, U.S, European Union, Boeing, Starbucks, Microsoft, Thomson Locations: Ukraine, London, Britain, U.S ., Washington, Florida , Texas, California, United States, British, U.S
“This proposal is a landmark moment for maintaining ongoing U.K. steel production, supporting sustainable economic growth, cutting emissions and creating green jobs,” said Treasury chief Jeremy Hunt. “With the support of the U.K. government and dedicated efforts of the employees of Tata Steel U.K. along with all stakeholders, we will work to transform Tata Steel UK into a green, modern, future-ready business," said Tata Steel’s chief executive and managing director, TV Narendran. Unions were furious about the potential job losses at Port Talbot, which at its height in the 1960s employed around 20,000 people, before cheaper offerings from around the world hit production. "The cost to local people and the wider Port Talbot community will be immense," said Gary Smith, general secretary of the GMB trade union. He noted that Germany has invested over $53 billion in decarbonising heavy industry and has committed to work with unions and protect jobs.
Persons: , Jeremy Hunt, Tata, Gary Smith, , Luke Murphy Organizations: Tata, Britain’s Department for Business, Trade, , Tata Steel, Tata Steel UK, Unions, Port Talbot, Institute for Public Policy Research Locations: Port Talbot, Wales, steelmaking, Britain, Germany
Suspected fraud flagged on UK COVID-19 loans jumps 43%
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
The latest figures from the Department for Business and Trade showed the level of suspected fraud as of June 30. The figure was up from the previous level of 1.18 billion pounds flagged at the end of March. Identified fraud levels have ticked up as banks look into further COVID-19 loans as they fall due. The figures show the government has paid out 7.39 billion pounds to lenders to date under the guarantees, while 17 billion pounds has been fully repaid by borrowers. Nearly 31 billion pounds' worth of loans are outstanding from borrowers still making payments on time, the data shows.
Persons: Britain's, Toby Melville, Banks, Iain Withers, Angus MacSwan Organizations: REUTERS, Department for Business, Trade, Thomson Locations: London, Britain, COVID
London CNN —BMW announced Monday that it would invest £600 million ($750 million) in building two new electric versions of the Mini in the United Kingdom. The commitment by the German automaker will secure the future of Mini production in Oxford, where the original classic version of the small car was born 64 years ago. Almost a year ago, BMW told the Times newspaper that it planned to shift all Mini production from Oxford to China for efficiency reasons. “Mini has always been aware of its history — Oxford is and remains the heart of the brand,” Stefanie Wurst, head of the Mini brand at BMW, said Monday. Robots work on the Mini production line at the BMW plant in Cowley, near Oxford.
Persons: London CNN —, Mini Cooper, ” Stefanie Wurst, Tolga Akmen, Susannah Streeter, Hargreaves Lansdown, Rishi Sunak, Organizations: London CNN, London CNN — BMW, Swindon, BMW, Times, Oxford, Government, Getty, Tata Group, Rover, Hargreaves Locations: United Kingdom, Oxford, China, Leipzig, Germany, Cowley, AFP
LONDON (AP) — German automaker BMW is set to announce plans to build the next generation electric Mini in Britain after securing U.K. government support for a multimillion-pound investment in the company’s Oxford factory. While the Department for Business and Trade didn’t specify the level of taxpayer support, British media put the figure at 75 million pounds ($94 million). The move is the latest boost for the U.K. auto industry, with vehicle makers announcing plans to invest more than 6 billion pounds ($7.5 billion) in Britain over the past two years. While car production jumped 36% from a year earlier in July, output remains far below pre-pandemic levels. British Prime Minister Rishi Sunak said the BMW investment “is another shining example of how the U.K. is the best place to build cars of the future.”Copyright 2023 The Associated Press.
Persons: Rishi Sunak Organizations: BMW, Department for Business, Trade, British, , Associated Press Locations: German, Britain, Oxford, British
The Tata Steel plant is seen in Port Talbot, south Wales, November 23, 2012. REUTERS/Rebecca Naden/File Photo Acquire Licensing RightsLONDON, Sept 2 (Reuters) - The British government is in advanced talks with Tata Steel, the country's biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, Sky News reported on Saturday. But the talks have faced difficulties over potential job losses because the new style furnaces require fewer staff. About 8,000 people are employed by Tata Steel in Britain and Sky News cited industry sources as saying the company had warned that it may need to make as many as 3,000 redundancies in the future. Tata Steel has in the past warned that without government support, it will need to consider closing its sites.
Persons: Rebecca Naden, Sarah Young, John Stonestreet, Ros Russell Organizations: Tata, REUTERS, British, Tata Steel, Sky News, Port, British Steel, government's Department for Business, Trade, Thomson Locations: Port Talbot, Wales, Britain
Taiwanese minister to make rare Britain visit this week
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +2 min
TAIPEI, June 11 (Reuters) - Taiwan Digital Minister Audrey Tang will make a rare high-level ministerial trip to Britain this week where she is expected to visit government departments and meet a company specialising in low-earth orbit satellites, her ministry said on Sunday. The two sides will "exchange views on issues related to digital governance and digital industry cooperation", the ministry added, without giving details. Tang will also visit OneWeb, which specialises in low-earth orbit satellites, and hopes to bolster Taiwan's communications resilience plans, the ministry said. Taiwan Foreign Minister Joseph Wu is expected to go to Europe this week, too, where he will attend a security forum in Prague. The last Taiwanese minister known to have visited Britain was Taiwan's top trade negotiator John Deng, who went last June.
Persons: Audrey Tang, Tang, Elon Musk's, Joseph Wu, John Deng, Britain's, Trade Greg Hands, Tsai Ing, Taiwan's, Ben Blanchard, Edmund Klamann Organizations: Taiwan Digital, WHO, Twitter, London Tech, Britain's Department for Science, Innovation, Technology, Department for Business, Trade, Elon, Taiwan, State, Thomson Locations: TAIPEI, Britain, Taiwan, Beijing, China, Europe, Prague
India has not suspended trade talks with UK, officials say
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +3 min
NEW DELHI, April 10 (Reuters) - Trade talks between India and Britain have not been suspended and will continue this year, three officials said on Monday, responding to a British newspaper report that said India had "disengaged" from the talks after London failed to condemn Sikh separatists. An official in India's foreign ministry said progress in the trade talks and New Delhi's concerns around Sikh separatist activities in Britain should not be interlinked. A diplomatic official in the British High Commission in New Delhi said trade talks will continue in a scheduled manner and security officials in London were addressing India's concerns about Sikh separatist activities in Britain. "Both the UK and India are committed to delivering an ambitious and mutually beneficial FTA and concluded the latest round of trade talks last month," a spokesperson for Britain's Department for Business and Trade said. A second Indian foreign ministry source said that trade talks with Britain had not been suspended, and described the media report to be "baseless".
According to the Global Innovation Index 2022, global government R&D investment is growing and the UK is ranked fourth for global innovation (and third most innovative economy in Europe). "Space observation is vital for our planet — the UK invests in the European Space Agency and at the Space Cluster at Harwell, a significant science and innovation park." Jo Hawley, deputy director for aerospace, space and automotive at DBT, reported that the UK space sector spent £836 million on R&D in 2021. The company has reported strong growth of its life science research tools business, reflected in the international footprint of its commercial and distribution operations. The Department for Business and Trade can connect you with dedicated, professional assistance to locate R&D investment opportunities and support.
At the upcoming Mobile World Congress event in Barcelona, collaboration and convergence will be priorities. MWC is a 'Digital World Congress' that will see more worldwide digital innovation from the UK and across the world." Attocore, recently awarded a grant for accelerating Radio Access Network (RAN) intelligence, sits alongside mobile giants Ericsson and Samsung in advancing the security of UK mobile networks. With 5G networks, an estimated £173 billion of incremental UK GDP will be added to the UK economy by 2030. MWC and scaling UK technologyMobile World Congress is also a great opportunity for big ideas to reach an even bigger audience.
Britain welcomes Air India deal with Airbus and Rolls-Royce
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Feb 14 (Reuters) - Prime Minister Rishi Sunak welcomed a mega deal by Air India to buy 250 jets from Airbus (AIR.PA), saying it would create jobs and boost exports from Britain, where the French planemaker designs and makes aircraft wings. The deal should create 450 manufacturing jobs and bring more than 100 million pounds ($122 million) of investment to Wales, where Airbus manufactures wings, the British department for business and trade said. The deal also includes 40 wide-body A350 aircraft powered by Rolls-Royce engines, which are assembled and tested in Derby in central England. ($1 = 0.8195 pounds)Reporting by Sachin Ravikumar; Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.
U.K. Prime Minister has announced a mini overhaul of his government as he seeks to reassert his authority after a shaky first 100 days in office. U.K. Prime Minister Rishi Sunak on Tuesday unveiled a new government department focused on energy security and announced a mini reshuffle of his cabinet as he seeks to reassert his authority after a shaky first 100 days in office. Sunak named former business minister Grant Shapps as head of the newly launched Department for Energy Security and Net Zero, whose focus will be on securing "long-term energy supply, bringing down bills and halving inflation." The prime minister also appointed former Trade Minister Greg Hands as his new party chairman, replacing sacked Nadhim Zahawi, in a mini-reshuffle of his top leadership team. The U.K. previously had a Department of Energy and Climate Change, but it was merged with the business department in 2016.
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