International Opportunities for UK Education
On Thursday 21st 2022, the UK and India signed an MoU on the Mutual Recognition of Academic Qualifications, under the UK-India Enhanced Trade Partnership.
This agreement will be instrumental in expanding cooperation and exchange between our two countries’ higher education systems, and in increasing two-way mobility for students to India and the UK. This MoU realises an important milestone set out in the India-UK Roadmap 2030 and complements the ambitious vision set out in India’s National Education Policy to internationalise education and to create globally employable graduates. This opens doors for institutions to create courses that can be delivered in both countries and will bring further revenue into the UK economy - it is likely to attract more international university students to UK – currently estimated by industry to be worth around £10bn to the economy, as well as increasing revenue via UK Transnational Education in India.
Please get in touch with us if you would like to discuss how DIT Education can support you and if you are interested in finding out more.
Global demand for UK education
UK Education is world-leading and world-renowned. From EdTech to English Language Teaching, international demand for the UK’s innovative products and services continues to grow.
As part of its International Education Strategy, the UK’s Department for International Trade (DIT) is helping to deliver the Government’s ambition to ensure education exports reach £35bn by 2030.
In markets across the world, DIT is promoting the UK’s world-class education offer and driving demand overseas. Here in the UK, DIT is supporting businesses and providers in the sector to export their products, services, and expertise.
How can I take advantage of international opportunities?
- Register now for upcoming trade missions. An excellent opportunity to gain local market knowledge and to meet potential partners or investors.
- Attend DIT’s education webinars. Learn more about where there’s demand for your expertise and how to grow your business in new markets.
- Access local support. UK businesses and providers can get help from International Trade Advisers based in their region. Get in touch with your local trade office to contact an Adviser.
- Use DIT support offers. Find out more about selling overseas with DIT’s country export guides, register for the Export Academy if you are a new exporter, or access financial support from UK Export Finance. Explore DIT support for exporters.
- Find export opportunities. Explore global opportunities for UK education businesses and providers, sourced by overseas trade professionals or provided by a third party. Visit great.gov's export opportunities.
What else is DIT doing to support the sector?
Bilateral Free Trade Agreements (FTAs) in non-EU countries aim to help UK businesses and providers trade more easily with those markets. You can keep up to date with the status of the UK’s trade agreements and negotiations here.
The UK launched a public consultation for a comprehensive FTA with the Gulf Cooperation Council. The link to the consultation announcement is here.
Separately, the education team here at DIT is working to improve market access outside of FTAs. Contact the education team if you would like to share views on market access barriers: email@example.com.
Please download our recent education newsletter on FTA's here
International Education Champion
To support the delivery of the International Education Strategy, Sir Steve Smith was appointed as the UK International Education Champion and the Prime Minister’s Special Representative to Saudi Arabia for Education.
Support from UK Export Finance (UKEF):
UK Export Finance (UKEF) is the UK government’s export credit agency. Its mission is to ensure that no viable UK export fails for lack of finance or insurance from the private sector, while operating at no net cost to the taxpayer. It helps UK companies across sectors win, fulfil and get paid for international business by providing guarantees, insurance and loans to support export activities, be they goods or services.
UKEF offers a range of products to support exports, including the General Export Facility (GEF), which provides a partial guarantee to a UK exporter’s bank to help the exporter gain access to trade finance facilities. UKEF’s guarantee can unlock working capital to support business growth by offering:
- More flexibility – no need for a facility tied to a specific export contract.
- Greater certainty – non-contract specific facilities allow exporters to focus on their overall growth without worrying whether an export opportunity will be deemed supportable or not.
- Improved accessibility – UKEF has provided delegated authority to participating banks for up to £5 million per UK exporter.
They can also support sovereign buyers and international large corporates with finance, loans and insurance to make their projects happen, provided they commit to procuring from the UK supply chain. UKEF offers competitive terms and provides overseas project sponsors with attractive long-term financing.
You can learn more about their products here
Recently Launched report into Education Opportinities in the US.
DIT Launched its report into opportunities in the Education in the North American market at BETT in March 2022 which can be found here.
Keep up-to date:
Sign-up to DIT education’s newsletter to receive quarterly updates by contacting firstname.lastname@example.org
View recent newsletters below:
- DIT Education Quarterly Update - January 2022
- DIT Education Special Edition Newsletter on Free Trade Agreements
Useful Self-Help guide for businesses can be found here
DfE Export Data:
Statistics on the estimated revenue generated by education related exports and transnational education (TNE) activity in 2018 can be found here.
Information and Resources
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Education Sector Opportunities:
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