Transatlantic export deals and investment expected to be worth over £85 million have been announced by the UK government as the UN General Assembly takes place in New York.
The UK government has announced a number of export wins to the United States from a range of British companies, all of which were achieved with support from the Department for International Trade, expected to be worth over £50m.
Accompanying the Prime Minister in New York, the International Trade Secretary Liz Truss said:
“It’s great to see UK SMEs selling their British-made products – from food and drink to tech – into the US.
“British businesses have seen great success in the US, with exports reaching £100 billion last year.
“Signing a comprehensive US-UK free trade agreement will ensure we see this figure grow and British small businesses are going to be the big winners.”
Strengthening US-UK collaboration in healthcare, American and British gene therapy company MeiraGTx has invested over £35 million in the UK to build and operate a gene therapy manufacturing facility next to Moorfields Eye Hospital in London. The company has created more than 70 highly specialized jobs, and expects to hire another 30 professionals over the coming months. This state-of-the-art facility is developing novel treatments for patients living with serious diseases.
Companies securing new export deals include:
One British producer, The Foraging Fox has signed agreements which will see their award-winning all-natural beetroot ketchup and flavoured mayonnaise stocked on American shelves in more than 1,000 stores. The company believes this could lead to tens of millions of pounds of sales within the next five years as they grow their reach in North America.
Total trade in goods and services between the UK and the US in the four quarters to the end of Q1 2019 was £199.5bn, up 9.0% on the previous 12 months, with UK exports reaching £100 billion last year.
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