British Funding for Kenya | UK is Top Investment Destination | Stationery Exports Increase

Posted on 9/05/2019 by DHL Express

£64 million of British funding for Kenyan industry

Foreign Secretary Jeremy Hunt has welcomed British funding for business in Kenya. This includes £52 million for a solar power plant which will create up to 250 direct new jobs and a further 5,600 jobs in the wider economy thanks to the availability of power.

Jeremy Hunt said: “I have seen for myself the incredible opportunities opening up between the UK and Kenya and the close partnership which already exists between our countries. It is great to see British investment creating jobs, prosperity and growth in Kenya and across the continent.”

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Global exports of UK stationery increase

Recent statistics show a high global demand for UK stationery as the UK marked National Stationery Week last week. Exports of British-made notebooks increased by 20.6 per cent in 2018 reaching £23.62 million.

David Aspinall, Co-founder of Cheshire-based stationery brand, Chase and Wonder, spoke about the opportunities exporting internationally has brought in the business. “Our products are full of British personality so exporting seemed like a logical step. It’s a big world out there, full of great opportunities and overseas sales have really helped us to grow as a company.”

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UK is top investment destination in Europe

Data from the Organisation for Economic Co-operation and Development (OECD) confirm the UK as the leading destination for foreign direct investment in Europe, and the third most significant in the world after the US and China. As of December 2018, the UK holds more inwards investment stock than Germany, Spain and Poland combined.

International Trade Secretary, Dr Liam Fox, commented that the UK is attracting far more investment than its closest competitors. “International investors continue to recognise the fundamental strengths of our economy – everything from our predictable legal system to our world leading financial services.”

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