Food and Drink Firms could serve £500m Boost to UK Economy
The UK economy could be served a £500m increase by food and drinks firms, Yorkshire being one among these.
The UK food and drink industry, UK Trade & Investment (UKTI), and the Department for Environment Food & Rural Affairs (Defra) said that a year has been spent by them in developing a plan to raise exports for the UK agri-food and drink sector.
They think that 1,000 British firms could be helped from the joint government industry campaign and increase the funds of the UK by £500m.
Mr. Paterson said the two proposals will "give quality British produce an even higher profile, boost our economy and create jobs". He said there are huge chances for British food companies to export all over the world and he is has made a strong mind to help firms using such chances.
The groups aspire to give a boost to promotion and trade development. This would help firms in unlocking the market barriers and make paperwork simpler so as to encourage firms to export.
They said increasing competition in dairy industry, boosting beer, wine and cider exports, growing meat and seafood industries are priority.
New Zealand News
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- MGE gets six-month extension for South Korea’s Inspire Entertainment Resort development project
- Price of two cheapest trims of Tesla Model 3 electric sedan increased by $500
- Genting Malaysia asks employees to accept reduced pay; executives to take leave without pay
- Tesla to design & build affordable EV in China: Tom Zhu
- Norway’s ICE car sales decline as buyers making shift to EVs
- Pursang launches Retro-inspired E-Track Motorcycle for Euro 14,449 in Netherlands
- ElectReon successfully tests dynamic wireless EV charging system on public road in Sweden
- Volvo to design special Gothenburg Green City Zone for autonomous & related technologies