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IsraelDesks quotes Alexander Gold on business opportunities stemming from the UK-Israel trade relationship

The UK-Israel trade relationship has already delivered huge benefits to both economies. The UK-Israel trade relationship is worth around £7 billion, up from £5.1 billion at the end of 2021.

According to the UK Foreign Secretary, James Cleverly, who signed the Roadmap in March: “There are more than 400 Israeli tech firms operating in the UK. Israeli investment into the UK drives growth and jobs, adding around £1 billion gross value to the UK economy and creating about 16,000 jobs in the last 8 years.”

In an article published by IsraelDesks on the topic, Alexander Gold, Partner in our real estate team, comments:

Given the UK’s recent drive to turn the UK into a ‘science and technology superpower by 2030’, a partnership between the two nations is of no great surprise.The relationship between the UK and Israel today is perhaps the strongest it has ever been.

"The agreement is a recognition by both nations of the strengths that they possess in science and technology, and that information and technology sharing between the two countries will be of mutual benefit. It should lead to greater support for science and technology businesses in both countries (including start-ups) and greater ability to fund leading science and technology projects. That is good news for all involved.

Read the full article in IsraelDesks here (pages 5-7).

 

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