The eyes of the world were on London earlier this month, as the city’s most iconic buildings were lit up in an array of colour as part of the world-class light festival, Lumiere London.
More than 50 works of art were created by artists across the world, showcasing the strength of international collaboration.
This doesn’t stop with art and culture. Sectors covering food and drink, finance, and education all benefit from growing relationships with countries across the world – and none more so than technology, which has broken down traditional cross-border barriers, as we become increasingly interconnected.
As the home to 58,000 technology firms, the UK has a huge amount to gain from this trend.
In London, “Silicon Roundabout” and the surrounding tech cluster have helped drive more venture capital investment than in Germany, France, Spain and Ireland combined.
London also attracts the largest share of foreign direct investment in technology – three times more than Paris and almost four times more than Berlin.
The next few years will offer a golden opportunity for London and the UK to build on this success and work with our partners across world to drive innovation and shape the future of global trade.
The IMF predicts that, in the next two decades, 90 per cent of global growth will be generated beyond the borders of Europe.
Much of this will come from Asian economies, where new markets are growing to meet their own innovation revolution.
We are putting the UK in a position to benefit. That is why, in March this year, hundreds of UK businesses led by the Department for International Trade will attend the GREAT Festival of Innovation in Hong Kong.