£18bn of UK-China deals include British SME investment

David Cameron and China’s premier, Li Keqiang are set to announce a raft of deals between the UK and China worth £18bn.

The deals include Chinese financial services group Nord Engine’s plans to invest £150m in British SMEs.

The company, which is planning to set up its first overseas operation in the UK by the end of the year, wants to target Britain’s fast-growing tech companies. The Government claims it will represent the first ever Chinese institutional investment for British SMEs.

Source: The Daily Telegraph

We Say: Rumour has it that a popular 1948 song by Frank Loesser originally had the lyrics “I’d like to get you on a raft of deals between the UK and China” until someone pointed out that “a slow boat to China” might make for a catchier mode of seaborne transport. Nevertheless, it’s exciting to read that British SMEs will be receiving £150m of Chinese investment, especially if some of it is paid in tea. We trust that sales of Confucius fridge magnets will rise appropriately.

NICOLA HALL

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Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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