New drive will target overseas investment
The Government has announced moves aimed at attracting overseas investment to the UK and helping firms win business abroad. Ministers said a new focus on business was needed if the UK was to remain economically competitive in future years.
UK Trade & Investment (UKTI) said it will adopt a more entrepreneurial approach and will actively seek out overseas investors as well as working more closely with British companies.
Business Secretary Vince Cable said: "We're rightly proud of British firms and making sure they can increase their exports to a worldwide audience is vital if we are to rebuild our economy.
"We're announcing practical help for UK companies to ensure they win business overseas, and how we will actively attract inward investment with ambitious plans to target sovereign wealth funds and expand the global entrepreneur programme."