Business and Innovation Projects. News - 19 November 2021

D2N2 LEP launches new strategy on international trade and investment

The D2N2 Local Enterprise Partnership, in partnership with the Department for International Trade (DIT) has published a new report outlining how the region can build its competitiveness, drive productivity and create more jobs by increasing international trade.

D2N2 Global: International Trade Strategy sets out the region’s ambition to increase the percentage of D2N2 businesses that export goods and services. It identifies key strategic priorities and actions to ensure that the business community can become more confident and active in overseas markets.

It also identifies a range of emerging markets that D2N2 businesses can explore further. These market requirements match the strengths in the region. By connecting these strengths with potential growth markets the region can grasp the opportunities available through the UK’s new trading relationships and being at the forefront of “Global Britain”.

The report, which is funded by DIT has been developed to align with Government’s new Trade and Export strategy, Made in the UK, sold to the World.

Elizabeth Fagan, Chair of the D2N2 Local Enterprise Partnership, said: “In 2020, the D2N2 Local Enterprise Partnership launched its Recovery and Growth Strategy to ensure we build a stronger economy and deliver more investment and jobs.

“With our strategy in place, our strong partnerships and investments in skills, business support and innovation, we think now is a perfect time to look to the future and create more outward trade for our region.

“Our International Trade strategy sets out a clear evidence base on the challenges and the actions required to support our businesses to grow and create new export-oriented jobs for our region.”

Ian Harrison, Head of Export, DIT Midlands said: “The D2N2 LEP’s International Trade strategy represents an innovative approach to aligning its priorities with this the strategic Global Britain vision to help achieve strategic international trade outcomes. We are particularly pleased to be support its launched during this inaugural International Trade Week.

The support for the development of this strategy was enabled through DIT’s Levelling-Up funding for the Midlands and the regional team has worked in partnership with the LEP in developing their approach. DIT Midlands very much welcome the opportunity to continue to work closely with the LEP to assist with its implementation.”

The International Trade Strategy has been produced by Deyton Bell, independent economic development consultants working closely with key partners across the region.

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