UK Trade and Investment’s 2007 comprehensive spending review settlement set high level targets for UKTI. These include annual targets for high value foreign direct investment successes; helping businesses to exploit overseas business opportunities; and increasing the quantity of R and D in the UK through business internationalisation. The targets are set out in full in UKTI’s 2007 autumn performance report (Cm 7284, December 2007). Business plans are being put in place to deliver these targets.
(2) in which countries in UK Trade and Industry’s overseas network staff reallocations took place in the financial years (a) 2006-07 and (b) 2007-08 to date; what further reallocations are planned in (i) 2007-08 and (ii) 2008-09; and if he will list these changes.
As part of UK Trade and Investment’s (UKTI) Strategy, “Prosperity in a Changing World”, £5.6 million of resources has been redeployed to help achieve a step change in the UK’s profile in emerging markets. As a direct result of this exercise, UKTI staff resources (full-time equivalents (FTEs) of UK based civil servants and locally employed staff (local)) have now been reinforced in the following markets, which include China, India, Brazil, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, Turkey and the UAE:
2006-07 market FTE UK-based FTE local Brazil 3 — China 2 2 Hong Kong — 1 India 2 — Malaysia 1 — Mexico — — Qatar 1 2 Russia — 1 Saudi Arabia — 1 South Africa 1 — Total 10 7
2007-08 market FTE UK-based FTE LE Brazil 3 1 China 7 5 Hong Kong 1 3 India 6 2 Indonesia — 1 Malaysia — — Mexico 2 3 Russia 1 8 Saudi Arabia — 1 Singapore 1 — South Africa 1 — Taiwan — 4 Thailand 1 0 Turkey 1 5 Vietnam 1 0 Total 25 33
2007-08 market FTE UK-based Planned LE China 2 — Dubai 1 — India — 7 Saudi Arabia 1 1 Vietnam — 1 Total 4 9
2008-09 market FTE UK-based Planned LE China — — Dubai — — Russia 2 — Turkey 1 — Vietnam — — Total 3 0