New trade hubs will channel the economic benefits of international trade directly into Scotland, Wales, Northern Ireland, and the North of England.

Four major new trade and investment hubs will be established in Scotland, Wales, Northern Ireland and the North-East of England to boost trade and investment and level-up the country, the International Trade Secretary will announce today (23 March 2021).

The trade hubs in Edinburgh, Cardiff, Belfast and a new second major DIT site in Darlington, will be established as part of a new strategy to boost exports and bring the benefits of the government’s global trade policy to the whole of the UK, including benefits from future free trade agreements with the US, Australia, New Zealand and CPTPP.

They will mean exporters have a direct feed into UK trade policy, and can better take advantage of opportunities in fast-growing markets like the Indo-Pacific region. The trade hubs will also create a critical link between the regions and the resources of the Office For Investment – a joint initiative with the Prime Minister’s Office – to channel investment money into every UK nation and region.

The trade hubs will be home to teams of export and investment specialists, who can provide businesses with expert support and advice to help them:

  • maximise their export potential and boost their trade in new markets overseas
  • better access major trade markets like India, the US and Japan
  • feed directly into DIT’s free trade agreements programme

 

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