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United Kingdom

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of United Kingdom
Map of United Kingdom

Country Facts

Nominal GDP2,850.10 Billion USD
Population64.44 Million
Total Trade/GDP56.84%
CurrencyBritish Pound (GBP)
Merchandise Imports from Canada15,951.81 Million CAD
Canadian direct investment92,935 Million CAD
Main importsMachinery & Equipment, Chemicals, Mineral Fuels, Food, Beverage & Tobacco

EDC in United Kingdom

Canadian companies assisted639
International buyers insured1,368
Business volume4,118.88 Million CAD

Business Environment

The UK was Canada’s 3rd largest merchandise export market in the world in 2015 with Canadian exports reaching CAD 15.9 billion. The UK is also the largest destination for Canadian direct investment in Europe, with a total stock of about 92.9 billion as of 2015. This is in large part due to historical and cultural linkages but also to the strong recent performance of the UK’s economy; in 2015, real GDP growth was about 2.3%. Nonetheless, the UK’s vote to leave the EU has had negative repercussions and the economy is widely expected to slow sharply this year and next with high uncertainty impacting consumption and investment decisions. We see strong opportunities in the Cleantech & Renewables, Mining & Metals, Oil & Gas, Infrastructure and Transportation, ICT and Medical Technology & Devices. It should also be noted that the UK has a highly accommodative business environment, ranking 10th out of 140 on the World Economic Forum’s recent Global Competitiveness Report making it an attractive location for investment.

Key Industries

  • Cleantech
  • Medical Technology & Devices
  • Mining & Metals
  • Oil and Gas
  • Telecom
  • Transportation Services

How we can support your business

Through our representation in London, United Kingdom, we provide on-the-ground support to Canadian companies planning on or currently doing business in the United Kingdom. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market. 

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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Country Risk Quarterly

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