Back to resultsWinning New Business:Trade with Aid

Date:

3rd November 2010 - 11:45 – 14:30

Location:

Roxy Theatre, Tyneside cinema, 10 Pilgrim Street, Newcastle, NE1 6QG

Cost:

Free

Website:

http://www.service-ne ...

Funding Sector

All

Organiser

UKTI, Service Network

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Aid Funded Business is about win-win. British companies secure the business, the aid agency funds a sound project, and the developing country gains a sustainable asset.

Service Network and UK Trade & Investment (UKTI) are hosting this joint event to open your eyes to the huge market opportunities that aid funded business can bring. Multilateral agencies (such as the UN, World Bank etc) spend $60 billion each year on everything from tents to telecommunications, consultancy to professional services. But you need to know - and be known by - the right people, in the right places, to break into this market.

UKTI’s Aid Funded Business Team can help you achieve this and hand-hold you through the process. This is a potentially huge market for British companies and the UK currently gains between 4-17% of multilateral aid-funded business. The most sought after expertise is in the healthcare, construction, consultancy, ICT, environmental, and transport sectors. Much of the implementation of these aid funded projects is contracted out to the private sector, representing significant business opportunities for consultants, works contractors and suppliers of goods and services. Key benefits of trade with aid/development organisations include:

Variety of opportunity - There seem to be very few items that the agencies do not require at one time or another

Orders always backed by funds (US$) - Aid Agencies cannot place orders unless funds are available. As long as contract terms are met, payment is rarely a problem.

English is the working language

Order size is suitable for Small to Medium Enterprise (SMEs) - Supply contracts can start at as little as $10,000, rising to tens of millions of dollars for major infrastructure projects. The average supply contract with the UN agencies is $20,000.

This free event will give you an overview of the benefits of working in the Aid Funded Business Market and how you, as a North East business, can take advantage of such prospects. On the day there will be the opportunity to hear from the Aid Funded Business Services (AFBS) Programme Director Nigel Peters and Eleanor Baha, British Embassy Geneva, via video conferencing link live from Geneva who will give an insight into the role of the UN as both an aid agency and as a customer.

Date: Wed 3 November 2010 11:45 – 14:30

Venue: Roxy Theatre, Tyneside cinema, 10 Pilgrim Street, Newcastle, NE1 6QG

Cost: Free

URL: http://www.service-network.co.uk/events/34

Email: events@service-network.co.uk

Phone: 0191 244 4031