UK Trade & Investment (UKTI) Barcelona The Chester Women s ... · Telehealth and E-Health are becoming increasingly important in the Spanish market – UK is leading the way for innovation.

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

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Introduction

Jessica Griffiths Senior Trade & Investment Advisor

UKTI (UK Trade & Investment) Barcelona,

British Consulate General, Barcelona, Spain.

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Agenda

UKTI Barcelona Introduction

Spain Trade and Investment Overview

Sector Areas and Opportunities

How UKTI Barcelona can help you

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UKTI Barcelona

Cristina Valiñani

Director for Trade & Investment Energy, Environment, ICT

8362 2206

Trade & Investment Officer

Advanced Engineering, Creative and Media, Education, 8362 2208

Carolina Buelta

Trade & Investment Assistant Energy, Environment, ICT

8362 2214

Jessica Griffiths

Trade & Investment Officer Agri-technology, Financial Services, Healthcare

and Life Sciences 8362 2204

Sarah Meharg

Trade & Investment Assistant (maternity cover)

8362 2217

Aurora Ortega

Trade & Investment Assistant Opportunity Sectors: Automotive,

Chemicals, Clothing,, Food and Drink, Giftware, and all others

8362 2207

Raul Molina

Trade & Investment Assistant 8362 2209

UKTI Barcelona E-mail: [email protected]

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UKTI has 3 offices in Spain

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

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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

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Spain Trade and

Investment Overview

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About Spain

─ Area: 500,000 sq. km

─ Population: 47m

─ Capital city: Madrid (2nd 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

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

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Why do business in Spain? Spain is…

4th European destination for FDI in 2011

4th economy in the Eurozone

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

World’s 13th largest economy

Diverse regions Diverse market

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Some background

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Sector Areas and

Opportunities

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Biotechnology and Pharma in Spain 3rd biggest region in Europe in terms of the number of qualified R&D professionals

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.

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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.

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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 -

www.alimentaria.com – 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.

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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

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How UKTI can help

you

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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

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Recommended UKTI Spain Services

─ North West Healthcare Mission, April 2014

─ Alimentaria, April 2014

─ R&D Health Tech Congress, Gerona, June 2014

─ BioSpain, September 2014

Upcoming Events

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

UKTISpain

UKTI_Barcelona

UKTI Spain

Jessica Griffiths

[email protected]

https://www.gov.uk/government/world/spain

Thank you / Gracias!