Spain and the United Kingdom remain strategic markets for companies from both countries.

  Total investment flows between the two countries amount to more than 120.000 billion euros, with an average annual bilateral trade of more than 25.400 billion euros.

  Economic uncertainty or the current geopolitical situation do not affect companies when it comes to investing and trading between the two countries.

  The 5G network or transatlantic connectivity are elements of our country that companies value very positively; meanwhile, public-private collaboration or the innovative ecosystem are valued on the British side. 

The United Kingdom and Spain enjoy one of the most important bilateral relationships in Europe, and both governments are working diligently to ensure it remains so. The UK is one of the leading European investors in Spain and is also the second most popular destination for Spanish investment abroad. This was one of the key takeaways from the bilateral business meeting. United Kingdom and Spain. Beyond investment and trade: synergies in innovation and sustainabilityOrganized by the British Chamber, celebrated in Hall de Santander Bank.

The current geopolitical situation and economic uncertainty are not deterring companies from both countries from making greater investments and expansion plans in Spain and the United Kingdom. In this regard, Hugh elliott, British Ambassador to SpainHe stated that “the trade relationship between Spain and the United Kingdom remains very strong, despite global uncertainty. Spanish companies continue to see the UK as a strategic market and a market of opportunities; in 2022, it was the leading European destination for Spanish direct investment abroad. Clearly, the feeling is mutual, as the UK was the second largest investor in Spain last year. This relationship not only creates jobs and opportunities in our countries but also unites us as friends.”s".

For its part, Xiana Mendez, Secretary of State for CommerceHe pointed out that “Spain and the United Kingdom enjoy excellent bilateral economic and trade relations. Furthermore, investments in both directions have shown a very positive trend over time. The United Kingdom is the third largest investor in Spain, and the United Kingdom is the second largest destination for Spanish investment abroad.”

It should not be forgotten that total investment flows between the two countries amount to more than €120.000 billion, with an average annual bilateral trade of over €25.400 billion. Furthermore, companies are responsible for maintaining a total of 397.000 jobs, according to studies by the British Chamber and Spanish Chamber of Commerce in the United Kingdom.

Sustainability and innovation among the challenges for British and Spanish companies

A relationship that stands out not only at the economic or business level; both countries also share cultural, educational, innovation, sustainability, and environmental risk management ties. British companies are investing in our country, among other things, because of the excellent 5G coverage network:possibly at the level of the United Kingdom, France or Germany“,” they declared from Telefonica Tech.

Furthermore, our country enjoys a privileged position that allows for easy transatlantic connectivity with both the Americas and Africa, which encourages companies to relocate to Spain. This is generating a growing demand for data center construction, the British company stated. TSL Projects.

“Many business projects have support from both the public and private sectors,” as was heard during the bilateral investment roundtable. Furthermore, both Spanish and British companies emphasized that a better startup ecosystem helps them attract and retain international talent.

In this context, Ralph Smith, President of the British ChamberShe stated that the organization "works to bring the public and private sectors closer together, with the goal of fostering close collaboration to promote projects that will drive social and economic transformation in both countries." "This meeting demonstrates that both countries have many positive aspects and can constantly learn from one another," she concluded. Smith.

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