United Kingdom businesses check out Saskatoon
8 Nov 2014
United Kingdom businesses check out city
A delegation representing 11 United Kingdom businesses was in Saskatoon this week exploring business opportunities and partnerships in the region.
Saskatoon Regional Economic Development Authority president and CEO Alex Fallon said he will have follow-up discussions with officials from several companies.
“This was more of a preliminary market-assessment visit,” Fallon said.
Company officials were looking at a number of options, though most firms likely want to partner with a business already located here.
“They could be a supplier to a company that is already here or a customer to a company here, they could do a joint venture,” Fallon said.
The delegation was being led by U.K. Trade & Investment, a government department that works with U.K.-based businesses to develop trade and investment opportunities. The companies represented several sectors of the economy, including construction, infrastructure, transportation, environmental, manufacturing and mining industries. The delegation met with officials from the Ministry of the Economy and several local companies and toured a potash mine.
“One of the organizations was the Construction Association of the U.K. and they represent many members,” Fallon said. “They were interested by the opportunity in Saskatoon for larger infrastructure projects.”
Others included a firm that had environmental software and technology expertise to offer to engineering companies and another that had transportation technology aimed at safety.
The U.K. delegation is part of a wider effort to increase trade and investment between Saskatchewan and the U.K. In May 2013, Premier Brad Wall signed the UK-SK Action Plan aimed at increasing, among other things, trade and investment between the province and the U.K.
Fallon said Saskatoon and area continues to attract international interest.
“They recognize the growth occurring in the region and the business opportunities that come with this economic and population growth,” Fallon said. “We are excited about the prospects of turning this interest into solid business investment into the Saskatoon region and helping to grow the region’s economy.”