International Festival of Business Next Year
The 61 day International Festival for Business (IFB 2014) will be launched next year and is expected to attract as much as £100 million worth of investment to the UK.
The two month exposition (expo) will be held in Liverpool in June and July and is hoped to attract as many as 250,000 visitors from the business community, including entrepreneurs, investors and policy makers.
The last big event of this nature was the countrywide Festival of Britain back in 1951 when Brits needed a boost after the war and IFB 2014 will be biggest ever trade promotion festival.
Speakers at the Festival will include Sir Terry Leahy, the former CEO of Tesco, Lord Green, the UK Trade & Investment Minister and Lord Bilimoria, the Chairman of Cobra Beer.
The organisers expect IFB 2014 to showcase the very best of British industry and believe that the expo will help to stimulate economic growth and double UK exports by 2020.
The official launch of the business fair was announced at the Queen Elizabeth II Conference Centre in westminster with Joe Anderson, the Mayor of Liverpool, saying of the forthcoming event:
“We are immensely proud that Liverpool will host the International Festival for Business 2014. The Festival will highlight the important role of major cities and city regions in driving economic growth, which is vital for Britain’s recovery. As host city of the International Festival for Business in 2014, Liverpool will consolidate its position as a world-class hub for business.”
Deputy Prime Minister, Nick Clegg, also speaking at the launch, added:
“The International Festival for Business will showcase the huge opportunities to be found in Britain to boost exports, growth and prosperity.”
“We have a huge number of budding businesses – of all sizes – in Britain. The Festival is a chance to show the world that we are open for business and will create new opportunities for our high quality home brands.”
“The Festival is an exciting part of the Liverpool City region deal and is a great example of what our cities can achieve if they are empowered to drive economic growth.”
Lord Green of Hurstpierpoint, the Minister of State for Trade and Investment, also spoke highly of the upcoming business expo, adding:
“Next summer the International Festival for Business will provide a global platform to promote the best of British and the outstanding opportunities to invest in this country. Coming two years after the Olympics, it will help ensure the message that Britain is open for business continues to be heard across the globe.”
“Getting more companies to export and attracting high-quality investment to the UK are key planks of the Government’s Plan for Growth. UKTI is proud to support the Festival and we will be working hard to help make it a success.”
The host city, Liverpool, has itself attracted around £6 billion worth of investment since the turn of the millennium and has seen its own economy grow at a rate greater than that of the UK as a whole. Liverpool was the European Capital of Culture in 2008.
IFB 2014 is hoped to inspire businesses to get involved in lifting the economy and entrepreneurs are take a look at the IFB website to see how they can get involved.