Israeli businesses have increased investment into the UK by 97% in the last year, Israel’s Ambassador to the UK announced this week.
Israel’s economy is thriving and as Ambassador Mark Regev says, “a prosperous Israel is good news for the UK too”.
Ambassador Regev tweeted this week that Israel’s investment into the UK has risen by 97% in the last year up to £289 million. This increase in investment has resulted in 610 new jobs in the UK and 33 new Israeli companies have established themselves in the UK in the past 12 months.
The UK is already Israel’s second largest trade partner in the world. Bilateral trade between the UK and Israel increased by 25% in 2017 to a record £6.9 billion and the relationship between the two countries is set to remain strong.
📈A prosperous #Israel🇮🇱 is good news for the #UK🇬🇧 too: in the last year alone, Israeli investment in Britain has increased by an astonishing 97% to £289m!@ukisraelbiz @IsraelTradeUK @tradegovuk @LiamFox https://t.co/ovNCBLPPqB
— Mark Regev (@MarkRegev) August 22, 2018
BBC News ran a report in mid-August (see video below) which looked at Britain’s increasing trade relations with Israel and how Britain is looking to the Jewish state as a trade partner after Brexit.
Charles Bowman, the Lord Mayor of London and business ambassador for the City of London, recently called Israel the “perfect” trade partner.
Bowman made his comments in January when he visited Israel, saying “Israel is a perfect example of a country with which we should form closer bonds when we leave the EU: a growing and outwardly-focused, entrepreneurial nation with world-leading expertise in the industries of the future such as cyber, fintech, coding, and green finance.”
“After all, the UK is Israel’s second-largest trading partner, so I expect to meet with enthusiasm for our relationship to develop further over the coming years.”
When Prince William visited Israel in June, he highlighted the strong trade connections the UK has with Israel, saying, “The ties between our two countries have never been stronger, whether in our record levels of trade and investment, our cooperation in science and technology; or the work we do together to keep our people safe.”
He also praised Israel and the UK as sharing much in common, “two open societies which thrive on innovation, diversity, talent and excellence,” he said.
Despite attempts by Israel haters to boycott Israel and cause them economic damage, the opposite effect is happening. Israel was recently upgraded to a credit rating of AA-, which puts them in an elite group of nations, alongside the UK and the US, who are listed in the “AA” band of ratings. Israel is one of the only developed countries in the world that has not experienced a decline in credit ratings in the last 30 years.
The Bible teaches us that God will bless the Jewish people and we are not surprised that the Jewish nation of Israel is prospering as a result of His promise. Long may our cooperation with Israel continue!
— UK in Israel 🇬🇧 (@ukinisrael) August 21, 2018