Today the Department for International Trade has announced the creation of four major new trade and investment Hubs across the UK. New trade hubs will channel the economic benefits of international trade directly into Scotland, Wales, Northern Ireland, & the North of England.
The trade hubs will be in Edinburgh, Cardiff, Belfast and a new second major Department for International Trade site in Darlington. These 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 & CPTPP.
This 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 launch of the trade hubs marks the start of a major export drive, which will see DIT focused on promoting British exports from all parts of the UK, to help level up the country, build back better, and support a resilient economy as outlined in the government’s Integrated Review.
You can read in more detail about the Government's announcement and Trade Hubs here.