The GREAT Global Investment Conference (GIC) showcased the best of Britain and marked the start of a business festival taking place throughout the Rugby World Cup 2015.
Please follow this link to see the event photographs
The GREAT Global Investment Conference brought together more than 150 government leaders, investors and entrepreneurs; they represented nine of the UK’s target markets for overseas investment, all of which have teams competing in the Rugby World Cup 2015.
The event was attended by international business and thought leaders from automotive, advanced engineering, technology and the creative industries.
Organised to coincide with the Rugby World Cup, visiting international business leaders heard from some of the UK’s most influential figures from Advanced Engineering, Automotive, Technology and the Creative Industries.
Speakers included Sir John Sorrell, Brent Hoberman of Founders Forum, Kathryn Parsons from Decoded, John Mathers from Design Council, Jamal Edwards of SBTV, Simon Cowell of Syco Entertainment and Mike McGee of Framestore.
See how the day unfolded here
Watch the Prime Minister’s welcome to delegates here
View the event photography here
‘Truly thought-provoking discussions on digital transformation, the best of British design, industry and innovation. Simon Cowell and David Cameron showed us that Britain definitely has the X-Factor.'
"The event yesterday was quite possibly the BEST event/conference I have ever attended (and I have attended many). Terrific panel guests, terrific venue, terrific food and to have the PM, Chancellor and Mayor – simply AWESOME all round."
-David Rosenberg, Joint Chief Executive Officer, ParityFX Plc-
"Overall it was a remarkable event. To have such influential speakers from across Britain's success stories was a thing to behold. Meeting so many successful businessmen and women was a huge help to my business as we grow.
The highlight had to be Thomas Heatherwick who oozed creativity and had me engrossed. The engineering panel who shared their visions on their business was extremely thought provoking."
-Jasper Squier, Managing Director, Intergalactic EMEA LTD-
The UK has world-leading capabilities in aerospace, automotive and the full range of engineering disciplines from advanced materials to manufacturing technologies. UK engineering companies do global business, supplying a wide range of end-users that include the Aerospace, Automotive, Chemicals, Construction, Food, Healthcare, Marine, Mining, Oil and Gas, Pharmaceutical, Power, Printing and Publishing and Steel industries.
The UK is home to Europe’s largest aerospace industry and the world’s second largest, contributing around £2.8 billion to the balance of trade. It generated turnover of £29 billion in 2014, with nearly 90 percent of final demand coming from exports; it employs 111,000 people and supports over 120,000 indirect jobs, as well as 3,300 apprentices. The UK designs, manufactures and assembles some of the most technologically complex and valuable parts of today’s airliners, including the wings, engines, aerostructures and advanced aircraft systems. Technology advances in the aerospace industry also have important wider implications for the economy as many developments have the potential for application in other manufacturing sectors such as defence, offshore wind and automotive.
The UK automotive industry attracts significant levels of foreign direct investment (FDI) and is home to seven volume car manufacturers; seven commercial vehicle manufacturers; nine bus and coach manufacturers; eight major premium and sports car producers; over 100 specialist brands; and seven Formula One teams.
The UK Government and the automotive industry are investing £500 million each over the next ten years in the Advanced Propulsion Centre to research, develop and commercialise the technologies for the vehicles of the future - projects that will put Formula 1 technology into buses and diggers and develop the next generation of engines.
Jaguar Land Rover, Ford and Nissan have R&D centres in the UK. In December 2014, Bentley Motors announced plans to build a new £40 million engineering, research and development centre that will create 300 additional jobs at its headquarters in Crewe. Aston Martin Lagonda announced £200 million of new investment in April 2015, for product expansion and the development of new models.
The creative industries or those that ‘have their origin in individual creativity, skill and talent with the potential for wealth and job creation through the generation and exploitation of intellectual property’ include advertising; architecture; crafts; design (product, graphic and fashion); film, TV, animation, radio and photography; software and computer services; music, performing and visual arts; and publishing.
The UK’s Creative Industries Council (CIC) identified five key areas to grow the UK’s position as a world leader including: education and skills; access to finance; infrastructure; intellectual property; and exports and inward investment. The Government invested £8 million in 2013/14 and 2014/15 in entry-level and professional-level training for over 3,000 people working in British film, television, animation and video games companies to help ensure the creative industries have the skilled workforce they need to innovate and compete. The Government also supports content producers through tax relief. Independent analysis shows that creative sector tax reliefs are generating a return of more than £6 billion a year for the UK economy.
The UK is the leading destination in Europe for foreign direct investment in the ICT sector, second only to the USA with a reputation as a global centre for digital technologies and world-leading academics and businesses in the media, cyber security and a growing open data movement.
The UK is at the forefront of the development and implementation of the Internet of Things. There are more than 100,000 software businesses operating in the UK, including all the major global software companies.
The UK has a broad spread of world-class strengths in communications, especially wireless technologies; software development, computing and data analysis; cyber security; user experience and service design. Fifteen per cent of UK companies formed in 2013/14, were digital tech ones while the sector as a whole employs 1.46 million people.