UK Trade & Investment (UKTI) Barcelona The Chester Women s Network 4 th March 2014

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1 UK Trade & Investment (UKTI) Barcelona The Chester Women s Network 4 th March

2 2 Introduction Jessica Griffiths Senior Trade & Investment Advisor UKTI (UK Trade & Investment) Barcelona, British Consulate General, Barcelona, Spain.

3 3 Agenda UKTI Barcelona Introduction Spain Trade and Investment Overview Sector Areas and Opportunities How UKTI Barcelona can help you

4 4 01 UKTI Barcelona

5 UKTI Barcelona Cristina Valiñani Director for Trade & Investment Energy, Environment, ICT Trade & Investment Officer Advanced Engineering, Creative and Media, Education, Jessica Griffiths Trade & Investment Officer Agri-technology, Financial Services, Healthcare and Life Sciences Raul Molina Trade & Investment Assistant Sarah Meharg Trade & Investment Assistant (maternity cover) Carolina Buelta Trade & Investment Assistant Energy, Environment, ICT Aurora Ortega Trade & Investment Assistant Opportunity Sectors: Automotive, Chemicals, Clothing,, Food and Drink, Giftware, and all others

6 UKTI has 3 offices in Spain 6

7 UKTI Barcelona Introduction UKTI Barcelona team aims to: Help UK companies grow their business in the Barcelona region Help Spanish companies invest and create jobs in the UK Type your title and date here 00/00/0000 7

8 UKTI Barcelona Introduction We focus on the following sector areas: Life Sciences, including agritechnology Financial Services ICT Energy Creative & Design Advanced Engineering Education Food & Drink and other opportunity sectors Type your title and date here 00/00/0000 8

9 9 01 Spain Trade and Investment Overview

10 10 About Spain Area: 500,000 sq. km Population: 47m Capital city: Madrid (2 nd city Barcelona) National Currency: Euro Spain's main trading partners are the 28-nation EU Member States, accounting for 66.4% of total exports and 52.8% of imports

11 Spain Despite serious economic difficulties, Spain is Still - 5th largest economy in Europe Still - 8th largest export market for UK Still - increasing its global exports (+18% in last 3 years) Still - Increasing its outward investment stock, including to the UK Still - maintaining public order and running public services but reviewing for more cost-effective means

12 12 Why do business in Spain? Spain is World s 13th largest economy 4th economy in the Eurozone 4th European destination for FDI in 2011 Exports increased by 18% over the last three years Strong positive perception of UK companies Four of the top 10 world infrastructure companies are Spanish Spain is Europe s second largest car manufacturer after Germany Spain is the 2nd tourism revenue in the world behind USA Privileged geostrategic position Diverse regions Diverse market

13 Some background 13

14 14 02 Sector Areas and Opportunities

15 Biotechnology and Pharma in Spain 3rd biggest region in Europe in terms of the number of qualified R&D professionals 15 Figures for Spain 1,715 companies state that they have worked on biotechnology in 2010 with 163,526 employees Approx 30% of biotech and Pharma companies in Spain are based in Catalonia Opportunities in Spain? UK CROs, lab equipment and services for research provide opportunities for UK companies as Spain has a good reputation for R&D and clinical trials. The majority of biotech and Pharma companies have good English and are actively looking for international alliances and collaborations. Products sold in pharmacies recent UKTI Barcelona event showed interest in new innovative goods which are priced correctly for the Spanish market recommended route to market is through a local distributor.

16 16 Healthcare Sector Spain is the 9th country in the world ranking for healthcare product consumption Figures 2012 in Spain 873 hospitals with 163,063 beds (2012) Private healthcare: 26,643 M in 2011 (2.5% of GDP - 27% total spend) Public healthcare: 72,217 M in 2011 (6,8% of GDP - 73% total spend) Opportunities in Spain? By 2050 Spain is expected to be the country in the world with the oldest population. An ageing population means that in the medium to long-term healthcare spending is likely to continue to rise. Opportunities for UK companies includes provision to nursing homes and home-care products. Introduction of IT in the healthcare sector: new medical record processing, electronic prescriptions, remote patient follow-up, interconnection between centres and globalization. Telehealth and E-Health are becoming increasingly important in the Spanish market UK is leading the way for innovation. Focus on cost-saving and sustainability is key and of interest to the Spanish healthcare system - private and public.

17 17 Agritechnology and Food & Drink Figures in Spain Food is one of, if not the most important, aspects of Spanish culture. Quality, premium products are on demand. Spain is the 2nd largest consumer of gin in the world (after the Philippines) High level of R&D work on agri-food services and technology and contribution to EU research projects, e.g. Horizon2020 Opportunities in Spain? ALIMENTARIA 3rd. largest food and drink trade fair in Europe - UKTI BCN Reception and UK delegation 31st March 2014 Usually well known brands in the UK sell well in Spain interest in British local ales, biscuits and other luxury products. Opportunities for UK agri-food companies working in innovative products and services to collaborate with Spanish institutes and companies e.g. Olive Oil H2020.

18 18 Financial and Professional Services Figures for Spain - Financial hubs for Spain are Madrid, Barcelona, Bilbao and Seville. - Spain offers a key geographical position for entry into South America and North Africa Opportunities in Spain? Opportunities for consultancies offering business and project management, especially on efficiency and cost-reduction. Opportunity for UK PS companies specialized in Intellectual Property (e.g. law and tax), due to high level of R&D activity Opportunity for PS companies offering internationalization services e.g. to UKTI investment cases

19 19 04 How UKTI can help you

20 20 How UKTI Spain can help you explore the market and establish new connections to reach BUSINESS WINS Our services include: Information, contacts and advice to work with you as a partner for your company to reach BUSINESS WINS Support to participate in trade fairs overseas and exploratory visits to new markets Opportunities to participate in sector-based trade missions and seminars Advice on forming international joint ventures and partnerships Support for experienced exporters to build on their previous successes and develop new export markets Alerts to the latest and best business opportunities

21 21 Recommended UKTI Spain Services Working with you to provide ongoing market support and strategic advice OMIS Market Research Report & List of Warmed Contacts OMIS Meeting Programmes Conference Facilities and webinars Upcoming Events North West Healthcare Mission, April 2014 Alimentaria, April 2014 R&D Health Tech Congress, Gerona, June 2014 BioSpain, September 2014

22 Thank you / Gracias! Jessica Griffiths jessica.griffiths@fco.gov.uk UKTI Spain UKTISpain UKTI_Barcelona

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