Thursday, September 25, 2014

News: UKTI and EEF sign partnership deal


The Engineering Employers' Federation (EEF), the UK trade organisation dedicated to the future of manufacturing, has signed a partnership agreement with the Government’s trade body, UKTI, to help boost exports and attract more businesses to invest in the UK.

The deal demonstrates a commitment from EEF, which represents manufacturers ranging from global corporations to small and medium sized businesses, to support UKTI in achieving the Government's £1 trillion export target by 2020.

The agreement, signed by UKTI CEO Dominic Jermey and EEF CEO Terry Scuoler, will see both organisations working closely together to build stronger partnerships with manufacturers, boost overseas trade missions and raise greater awareness of the support available from UKTI.

Terry Scuoler, CEO of EEF, said: "Improving our export performance is key to helping Britain achieve the better-balanced economy needed to deliver long-term stability and growth. UKTI has a vital role to play in helping companies to increase their global footprint. We will now work together to ensure that manufacturers are aware of the support it provides in finding new markets overseas, as well as smoothing the way for new exporters."

Dominic Jermey, CEO of UKTI, added: "As part of our strategy to build stronger relationships with our partners, I am delighted to be working closer with British manufacturers through EEF to drive towards sustainable economic growth through exports. The scale of ambition to achieve our £1 trillion export target by 2020 will require a full team effort with Government and business working together. This partnership will be a very positive step forward towards this goal."

A recent economic survey from the EEF showed an area of caution in exports where demand weakness in key markets and the appreciation of sterling is adding to uncertainty, resulting in a small decline in the number of Yorkshire manufacturers confident of achieving export growth in the third quarter of the year. With the Eurozone economy flagging significantly, political risks increasing and a stronger Sterling exchange rate, export orders UK-wide are turning negative for the first time since the start of 2013.

The EEF recently acquired a new headquarters in Rotherham, taking nearly 7,000 sq ft of office space at Advantage House, Catcliffe.

EEF website
UKTI website

Images: EEF


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