Prime minister opens International Festival for Business

Liverpool-based event to act as ‘shop window for British enterprise’

The prime minister David Cameron officially opened the first-ever International Festival for Business in Liverpool yesterday, describing the event as a “shop window for British enterprise, innovation and creativity”.

Set to run for 50 days across June and July, the festival will host more than 300 events and exhibitions designed to showcase UK enterprise across a number of sectors.

It will be the biggest enterprise festival held in the UK since the Festival of Britain exhibition in 1951, and is expected to attract more than 250,000 people from more than 80 countries.

The business side of the festival will be complemented by IFB Culture, a programme of arts-based events.

David Cameron was speaking at the launch of the IFB’s inaugural event, UK Trade and Investment (UKTI)’s British Business Embassy, held at St George’s Hall in Liverpool.

The British Business Embassy event showcased a number of British-made inventions, including a floor tile that converts footsteps into renewable electricity and what was described as the world’s first patented folding wheel.

Speaking at the event, David Cameron said: “We are on our way back as a country from the great recession. We had a strong plan that we have stuck to, and will continue through to its conclusion.

“I want to see a full economic revival and a balanced recovery – one that benefits all in every area of the country. None of these things happen by accident. They happen when we put in place the right policies, approach and strategy.

“Getting small and medium-sized businesses to export is absolutely crucial. Currently one in five companies export, and if one in every four started exporting we would fix our trade deficit.

“That is what I am committed to doing and the International Festival for Business is a key part of this.”

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