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UK TRADE AND INVESTMENT SUPPLY CHAIN ENGAGEMENT PROGRAMME . Objectives . Support UK companies to gain early access to high value opportunities . Facilitate sustainable partnerships with local companies in compliance with local content policies .
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Objectives Support UK companies to gain early access to high value opportunities Facilitate sustainable partnerships with local companies in compliance with local content policies Create a long term export market presence with access to an ongoing ‘pipeline’ of project market opportunities Turning Local Content into a Growth Business Opportunity
Kazakhstan UK Supply Chain Engagement 124Kazakhstan companies introduced to 145UK companies that are able to contribute relevant technologies, capabilities and experience 55+ new partnerships in progress;(MOUs, cooperation agreements, subcontracts, franchises, new investments) Potential new business capture by the new partnerships assessed at over; US$ 4.2 billion (2012 – 2022) Business Development Effort estimated cost saving to Kazakhstan and UK companies finding partners through the engagement programme US$1 million
Nigeria UK Supply Chain Engagement 280Nigerian companies introduced to 178UK companies that are able to contribute relevant technologies, capabilities and experience 65+ new partnerships in progress;(MOUs, cooperation agreements, subcontracts, franchises, new investments) Potential new business capture by the new partnerships assessed at over; US$ 6.7billion (2012 – 2022) Business Development Effort estimated cost saving to Nigerian and UK companies finding partners through the engagement programme US$3 million
Key Success Factors • High quality demand intelligence • clear supply chain capacity targets established in close cooperation with operators • Targeted engagement between UK and local companies • accumulation of UK and Local company knowledge • Depth in relationships with local government stakeholders • assisting ministries, public and private trade organisations to achieve their LC objectives
Mechanism • Structured process • Over 80 percent of the effort is in planning and preparation • Close cooperation between and UKTI, IOC’s, NOC’s and Governments