Category Archives: Living abroad
Trade Minister Lord Green and Olympic Ambassador Sebastian Coe vowed today to build on the success of the Olympics and Paralympic Games by working with industry to promote British skills around the world.
An Olympics Legacy programme of trade missions and companies in the building construction sector will build on the successful completion of the Olympic venue which is set to bring £13 billion to the UK in the coming months and years.
Olympics Legacy Ambassador to the Prime Minister, Sebastian Coe, said that the Olympic legacy which London 2012 left is ‘once-in-a-lifetime’ opportunity to showcase British business excellence to the world.
Coe, who is also a double Olympic Champion and 12-time world record holder in athletics, said: “The extraordinary success of the London 2012 Games has shown the best of Britain to the world and now our focus turns to securing a lasting legacy. We have already witnessed the incredible regeneration of east London, with world class facilities and a new urban park created.
“We now need to ensure that organisations up and down the country use the positive impact generated by the Games to reach out to new markets and grow their businesses.
“The British Business Embassy at Lancaster House has brought together business leaders from the UK and all over the world in a showcase of Britain’s industrial strengths and successes.”
Trade and Investment Minister, Lord Green, said that the Games have provided excellent chance to enhance Brittan’s business links with the rest of the world that will bring significant investment to the economy.
Mr Green said: “The British Business Embassy has hosted 4,000 business people from large and small firms alike. The connections they have made will deliver real economic dividends.
“We are now working hard, alongside firms around the country to follow up the contacts, networks, announcements and momentum created by the Games.”
You can listen to the full interview with Babatunde via AudioBoo at: www.audioboo.fm/train4tradeskills
Nick Clegg has announced plans to give some of England’s biggest cities new powers and extra cash in an attempt to boost employment and restore economic growth, the BBC reported today.
During a visit to Yorkshire, the Deputy Prime Minister revealed the government will transfer more economic controls to local authorities under city schemes which he called ‘groundbreaking deals… freeing cities from Whitehall control’.
Extra powers will be given to the cities of Birmingham, Bristol, Newcastle, Leeds, Nottingham and Sheffield as deals for Liverpool and Manchester were already agreed earlier this year.
Deputy Prime Minister Clegg said: “Everyone in these eight core cities will feel the benefits – from young people looking for jobs, to businesses looking to expand.”
Under the current system, councils running England’s major cities have to lobby central governments if they want additional investment to fund major infrastructure projects.
However, under the new city deals, guaranteed funding will be provided for the city authorities to spend as they choose. This is expected to will cut red tape and make it easier for businesses to deliver major development projects in the future.
Hilary Benn, Shadow Communities and Local Government Secretary, said: “Labour strongly supports local communities being given more powers – indeed I have been calling for this for some time.
“These city deals represent an important victory for local people and local government. And many people think that local government will do a better job at looking after their local economies and boosting skills than the Tory-led government is doing nationally.”
If you live in Birmingham, Bristol, Leeds, Newcastle, Nottingham or Sheffield, how do you think the new deals could help you/ your business? Share your thoughts by commenting here or raining your voice on our Facebook page.