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3 December, 2010 - 00:22 By Staff Reporter

UK-Canada business opportunities open to East of England companies

The Toronto skyline. Photograph by John Vetterli

East of England Inward Investment (EEII), the regional body that promotes overseas investors into the region funded by EEDA, together with UK Trade and Investment, are organising a mission to Toronto, Canada, for businesses interested in building a presence in the North American market.

The visit in February, is being organised in conjunction with the National Angel Organisation - Ontario (NAO-O), the industry association representing Canadian Angel capital, and the Ontario Ministry of Economic Development and Trade, to assist UK based businesses intensify their North American market entry strategy. The visit follows a similar event held in the East of England for Canadian companies looking to invest in the region.EEII aims to recruit 10 companies from the East of England to attend and to understand the opportunities in Canada as an entry point to the North American market and potentially raise funding from potential investors. Companies recruited will be from the high technology, medical technology and clean/environmental sectors or have significant growth potential based on intellectual property. At the same time, EEII will be promoting the region to Canadian companies and explaining the support available to them when setting up in this region.According to The Economist Intelligence Unit, Canada is the best place in the G7 to do business, offering a $17 trillion marketplace under the North American Free Trade Agreement. Ontario’s corporate income tax rate (provincial and federal combined) is lower than that of any U.S. state, Japan or France and will drop to 10% by 2013.For further, detailed information please visit http://bit.ly/torontoevent and to register your interest call 0845 293 0269 or email t.white [at] uktieast.org.uk  Potential funding is available through the UK Trade & Investment Market Visit Scheme, subject to eligibility criteria.• PHOTOGRAPH SHOWS: The Toronto skyline. Photograph by John Vetterli

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