A study released by PwC has shown that more than 40 per cent of Asia Pacific businesses are looking for new mergers and acquisitions, creating opportunities for businesses in the UK that are looking to expand their business overseas.
The professional services and Big Four firm released the report towards the end of March, which also found that more than half (54%) of CEOs in Asia Pacific are planning new strategic alliances or joint ventures to drive growth and profitability this year.
It has stressed that the opportunities are not just limited to big business with 33% of Asia Pacific CEOs looking to work with entrepreneurs and startups in the next 12 months.
PwC has shown its support for UK businesses by helping to promote them to Asia Pacific investors at a recent GREAT festival, which was one of many international events organised as part of an initiative to promote British business.
At the festival, British businesses were given the opportunity to showcase their talents, technologies and innovations at the festival to increase their appeal to investors and have access to growth opportunities in key markets.
There has never been a better time for Britain to look towards the Asia Pacific. As Kevin Burrowes, Head of Clients and Markets at PwC UK said:
“Economic growth in Asia is expected to outpace the UK in both the short and long term, meaning Asia’s appeal is set to stand the test of time.”
Brexit presents us with an opportunity to seek out those who are looking to form new strategic alliances or join ventures and tailor relationships that suit our purposes.
The UK is a prime destination for global trade, education, travel and international finance and we must take advantage of our global brand.
If British businesses should take anything from this report, it’s that they must have the confidence in both themselves and in Britain if they are to maximise their potential.