DIT announces creation of four major new Trade and Investment Hubs across the UK
New trade hubs will channel the economic benefits of international trade directly into Scotland, Wales, Northern Ireland, and the North of England.
The trade hubs in Edinburgh, Cardiff, Belfast and a new second major DIT site in Darlington, will be established as part of a new strategy to boost exports and bring the benefits of the government's global trade policy to the whole of the UK, including benefits from future free trade agreements with the US, Australia, New Zealand and CPTPP.
The launch of the trade hubs will help level up the country, build back better, and support an export and jobs-led recovery as outlined in the government’s Integrated Review. The trade hubs will also create a critical link between the regions and the resources of the Office For Investment – a joint initiative with the Prime Minister’s Office – to channel investment money into every UK nation and region.
techUK broadly supports this announcement as these trade and investment hubs will provide more opportunities to tech companies across the whole of the of the UK to feed directly into DIT’s free trade agreements programme, maximise export potential, and boost UK enterprise in global markets. Furthermore, they will mean exporters have better access to fast-growing markets like the Indo-Pacific region.
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