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China Tomorrow promotes international growth for Yorkshire and Humber businesses

11/11/2009

Yorkshire Forward will encourage companies in the region to collaborate and innovate with their Chinese counterparts for the future prosperity of Yorkshire and Humber at the launch of the China Tomorrow business development initiative this week.

China Tomorrow will promote opportunities for technology transfer and joint technology development between UK and Chinese enterprises and research organisations at a national and regional level by raising interest, increasing awareness on how to collaborate successfully, and increasing the capabilities of UK companies to work jointly with Chinese partners.

Jim Farmery, Assistant Director for Business at Yorkshire Forward, who will give the welcome address at Thursday’s launch, said: “Innovation is a key driver of future prosperity and is at the heart of future economic development. In difficult and uncertain economic times, it will be those who invest in and successfully exploit new and innovative ideas that will come out on top.

“Yorkshire Forward is a strong supporter of innovative and progressive business ideas that benefit the local economy in the long term, and by supporting the China Tomorrow initiative we hope to provide local businesses with a platform on which to build their ties to like-minded organisations in China."

The aim of the initiative is to develop and grow profitable, sustainable business for the economic benefit of both countries – something that is of increasing importance in the current economic climate. As the UK and China look for their industries to move up the value chain, China Tomorrow will help provide the opportunity for increased engagement and cooperation at an important time for both countries.

Organised by the China-Britain Business Council and supported by the Department of Business, Innovation and Skills Global Partnership Programme, the China Tomorrow initiative is helping more UK and Chinese organisations to cooperate on a wide range of innovation and technology projects and facilitate commercialisation of the outputs.

For more information about China Tomorrow visit www.chinatomorrow.co.uk.

For further information or to arrange an interview, please contact Dan Murphy, Press Manager on 0113 3949904 or email Daniel.murphy@yorkshire-forward.com