Written question asked by Lord Kennedy of Southwark (Labour) on Monday, 3 April 2017, in the House of Lords. It was due for an answer on Wednesday, 19 April 2017. It was answered by Lord Price (Conservative) on Wednesday, 19 April 2017 on behalf of the Department for International Trade.
Trade Missions
- Question
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To ask Her Majesty’s Government how many trade missions they have organised since 2010; and what is their estimate of the added value to the UK economy of each one.
- Answer
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The Department for International Trade, formerly UKTI, has supported 7,181 unique businesses through outward missions and 4,333 unique businesses through inward missions since the financial year 2010-11 through to end FY2015-16.
The estimate for the total anticipated value of outward missions since FY2010-11, based on firm-level data collected through our internal DIT (UKTI) client survey, is £6.42 billion in additional sales. This equates to an average of £893,000 in additional sales per unique business supported.
The comparable estimate for inward missions is £2.64 billion in additional sales since 2010-11. This equates to an average of £609,000 in additional sales per unique business supported.
Secondary information
- Type
- Written question
- Reference
- HL6530
- Session
- 2016-17
- Subjects
- Trade missions
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2017-05-31 17:38:27 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6530
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6530
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6530