Ben Houchen

Tees Valley CA behind world’s first centre for digital trade

Tees Valley Combined Authority are behind a world-first centre dedicated to accelerating the digitalisation of international trade is to be set up in the region, driving forward the government’s ambition for the UK to become the global leader on digital trade.

The Centre for Digital Trade and Innovation will be coordinated by the International Chamber of Commerce UK and supported by the Tees Valley Mayor and combined authority, industry and government.

Working closely with the Teesside Freeport, it will provide a focal point to bring together initiatives and expertise and enable industry to develop the latest technologies and approaches to frictionless trade and remove barriers to growth.

The aim is to make the UK the first country in the world to establish the private sector infrastructure which will lead research and pilot and test new approaches to trade.

It will bring together industry experts and thinkers to work alongside government to nurture a pipeline of opportunities to further digital trade growth.

It is expected that digitalisation could cut trade costs by 80% and generate £25bn of SME export growth and an additional £1bn in SME trade finance, halving the country’s trade finance gap.

The unveiling of the new centre follows recent announcements, such as the government’s Darlington Economic Campus, which will be home to senior Civil Servants from key government departments and agencies, including the Treasury.

Commenting, Tees Valley Mayor, Ben Houchen said:

“Teesside, Darlington and Hartlepool now have a chance like never before to throw open their doors to international trade and take advantage of all the opportunities of a truly global Britain.

“This is thanks in no small part to the Teesside Freeport, the UK’s largest and first operational freeport. 

“To make sure our SMEs, the lifeblood of our economy, can feel the full benefit, helping them to grow and create jobs, we need to cut red tape.

“Digitalising trade with a joined-up approach will reduce these barriers and make it easier, faster and smoother than ever for them to do business.

“We’re delighted to be working alongside the Centre for Digital Trade and Innovation and feeding into their work.

“It’s once again showing how our region is thinking outside of the box at the forefront of nationally significant strategies paving the way to transform trade in the UK.”

ICC United Kingdom Secretary General, Chris Southworth added:

“The centre is an enormous milestone in making trade cheaper, faster, simpler and more sustainable.

“It will establish the capability we need to support the government’s ambition to be a global leader on digital trade and help us transform the UK trading system, bring it into the 21st century.

“For the first time, we will be able to connect initiatives and stakeholders and drive digital transformation at scale both across the UK and through our relationships with overseas partners.”

 PSE365 will be hosting a Public Sector Levelling Up virtual event on 17 November, sign up here.

The Theory of Devolution

PSE Aug/Sept 22

The Theory of Devolution

Our August/September edition of PSE brings you expert comment and analysis on a range of public sector topics, from decarbonisation and the environment to leadership. Learn about devolution, or the United Kingdom’s first net zero bus station as the public sector plays a key role in the development of the world that we live in.

Videos...

View all videos
#PSE365: Public Sector Digital Transformation

Be A Part Of It!

PSE365: Public Sector Digital Transformation Virtual Event | 15 Sept 2022

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Upcoming Webinar

Webinar: Driving sustainability & value through technology end-of-life

End-of-life is often overlooked yet is equally as important to a digital strategy, but what happens to end-of-life technology? What is the impact on the environment, net zero targets? What is the financial impact, is value for money for the taxpayer simply discarded and destroyed along with the technology?
 

Join us on 13 September between 2:00pm-2:45pm where we look to address the lifecycle of a digital strategy with a focus on end-of-life using examples, achieving efficiency, increased sustainability and delivering cost savings.


Guest Panellists:

Adam Turner, Head of Government and Public Sector Sustainable ICT and Digital, DEFRA
Ben Levin, Senior Manager, Technology Assesment and Criteria Development, Global Electronics Council
Fredrik Forslund, Vice President, Enterprise & Cloud Erasure Solutions, Blancco
Ben Tongue, Digital Net Zero Lead, NHS England

More articles...

View all