Company taxation January 28, 2019
UKEF and VAMED agree framework to boost UK healthcare exports

By News - World Healthcare Journal

UK Export Finance (UKEF) and VAMED Engineering have signed an agreement to grow VAMED’s UK export supply chain and UK operations.

The agreement sets out plans for UKEF, the UK’s export credit agency, the Department for International Trade and VAMED Engineering to work together to increase VAMED’s procurement from UK suppliers of healthcare equipment and services, as well as growing its operations in the UK. It also identifies opportunities for UK companies to secure business with VAMED projects, backed by UKEF financing, in 20 countries over the next five years. Priority regions for co-operation and potential financing include sub-Saharan Africa, Latin America and Commonwealth countries.

Growing the export supply chain and UK operations

Baroness Fairhead, Minister of State for Trade and Export Promotion, welcomed the agreement. “VAMED is a global leader in healthcare, providing hospitals and medical facilities that are improving the lives of people in more than 80 countries around the world,” she said. “The Export Strategy, and our newly launched second Life Sciences Sector Deal, set out our ambition to connect more UK businesses with international opportunities, and I am delighted that UK Export Finance and the Department for International Trade are working with VAMED to increase healthcare exports. ”

The co-operation framework builds on previous collaboration between VAMED Engineering, UKEF and the Department for International Trade, who jointly hosted a supplier fair event in October 2018 showcasing opportunities with VAMED projects in sub-Saharan Africa, attended by nearly 100 UK companies.

#whjeurope #whjlifesciences #whjmedicaltechnology