The UK was Canada’s 3rd largest merchandise export market in the world in 2016 with Canadian exports reaching CAD 17.1 bn. The UK is also the largest destination for Canadian direct investment in Europe, with a total stock of about 92.9 bn as of 2016. This is in large part due to historical and cultural linkages. 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. In addition, the loss of Conservative Party's parliamentary majority in the federal elections earlier this year is likely to compund economic and political uncertainties. This all comes at a critical moment as the UK begins to negotiate the terms of its exit from the EU with Brussels. From a sectorial perspective, EDC sees 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 accomodate business environment, ranking 7th out of 138 on the World Economic Forum's recent Global Competitiveness Report making it an attractive location for investment.
- Construction & Infrastructure
- Mining & Metals
- Oil and Gas
- Renewable Energies
- 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.