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Markets

The role of United States-owned businesses in the United Kingdom

In 2019, US-owned businesses supported 1.48 million jobs across the UK. Almost 1 in every 20 UK workers, or 4.7% of all workers, worked for a US-owned business in 2019. Around 60% of all employment in US-owned local business units is outside of London and...

New joint statement between UK and US to strengthen quantum collaboration

The United Kingdom and the United States of America have signed a new joint statement of intent to boost collaboration on quantum science and technologies – helping to realise the full potential of the technology and deepen ties between the 2 countries. Signed by the Science Minister George...

New National Rocket Test Facility unveiled for Westcott

A new national rocket test facility has been opened in Buckinghamshire. Based at the Westcott Space Cluster and within the Aylesbury Vale Enterprise Zone, the new centre will allow UK companies and academics to test state-of-the-art propulsion engines used to move small satellites in space. It...

General Fusion set to build its Fusion Demonstration Plant in Oxfordshire

UK Atomic Energy Authority (UKAEA) and Canadian company General Fusion (GF), have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus, Oxfordshire. The FDP will demonstrate GF’s proprietary Magnetized Target Fusion (MTF) technology, paving the...

DIT publishes the national inward investment results 2020 to 2021

The Department for International Trade (DIT) has published the national inward investment results 2020 to 2021. Despite the economic global slowdown due to the pandemic, the UK remains one of the most attractive places in the world to invest in with 1,538 foreign direct investment (FDI)...

Modern MINI production at Plant Oxford celebrates 20 years

To celebrate 20 years of the MINI Plant Oxford, His Royal Highness The Prince of Wales visited the home of the brand at MINI Plant Oxford, to meet the people involved with integrating the manufacturing of the MINI Electric into their standard production line. The Oxford...