|Address||3 Whitehall Pl
|Website||Visit Company Website|
|Telephone||(+44) 020 7215 5000|
The Department for International Trade (DIT) secure UK and global prosperity by promoting and financing international trade and investment, and championing free trade.
We are an international economic department, responsible for:
DIT FinTech Team
The Department’s FinTech team supports the UK’s world-leading FinTech hub by fostering the conditions for growth across the domestic ecosystem and supporting the international expansion of companies, institutions and regulatory framework.
We work in over 40 international markets, supported by our teams in Consulates and Embassies around the world, to connect businesses, organisation and regulators, and provide tailored advice and support for market entry.
For UK companies:
For overseas companies looking to expand into the UK:
Our activity and strategic priorities are governed by DIT’s FinTech Steering Board, which brings together academics, industry experts, government and regulators to inform and advise the Department’s FinTech Strategy. The Board is chaired by the City of London’s Lord Mayor.
Outside of business consultation and trade activity, we lead on a series of bespoke projects and activity. Current projects include:
FinTech Bridges Pilot Program
DIT’s Bridge Program – currently being piloted across Australia and Hong Kong only - provides tailored, structured support to cohorts of UK companies looking to expand into the FinTech Bridge markets: Australia, China, Hong Kong, South Korea and Singapore
Cohort companies are provided with dedicated, high-touch support, mentorship, connectivity to regulators and industry, assisted business development in market, and brand promotion over the course of the Program. Subject to the completion of a successful Pilot, the Program will be scaled across additional Bridge markets, and new companies recruited during 2020.
UK-Africa FinTech Partnership
In August 2018 the Prime Minister announced the first UK-Africa FinTech partnership, which aims to deepen collaboration and build relationships between African and UK FinTech industries. The partnership has three distinct features:
Women in FinTech
The Women in FinTech Global Initiative is aimed at bringing more female entrepreneurs to the UK and to help make the UK’s FinTech ecosystem more diverse. The initiative has three pillars.
Financial Innovation Partnership (FIP)
The Partnership between the governments of the UK and US sets out a framework to deepen bilateral engagement on emerging trends in financial services innovation. This include increasing partnerships between DIT and the US Department of Commerce to encourage collaboration in the private sector, share information and expertise about regulatory practices, and promote growth and innovation. The Financial Innovation Partnership focuses on two main areas:
The ministers at the Department for International Trade work across Whitehall and internationally to secure UK and global prosperity by promoting and financing international trade and investment, and championing free trade.
For any enquiries related to DIT’s Fintech team, please contacts us via: FSOFinTechs@trade.gov.uk
Has overall responsibility for the business of the department. Dr Fox has led the DIT since the department was created in July 2016.
Leads on promoting foreign direct investment into the UK, as well as overseeing the government’s policy on overseas direct investment. Minister Stuart
Leads on team strategy, operations, and management. Leads on internal and external engagement with key stakeholders.
Leads on venture capital relationships, and DIT’s strategy to support investment into FinTech.
Responsible for the implementation of FinTech Bridges policy, and FinTech Bridge Pilot Program.
Responsible for DIT’s FinTech strategy around emerging and middle-income markets.
Responsible for domestic FinTech engagement and stakeholder manager for UK incubators, Accelerators & Co-working spaces.