Swedish companies create 100,000 jobs in the UK
It was a great pleasure to have John Cridland, Director-General of CBI as keynote speaker at the latest Industrial Forum at the Swedish residence. He gave a most interesting presentation that focused on challenges and opportunities facing UK business. In the talk we were also reminded of the impressive CBI report ‘Our Global Future – The Business vision for a reformed EU’ that was presented in November of last year.
The number of Swedish companies investing in the UK is significant and create some 100,000 British jobs. Swedish ‘Global Local’ or Glocal companies like Skanska, H&M, Electrolux and Stena – and the list can be made much longer – have in many ways built brands and integrated so well that many British assume they are British companies. The same applies to the British-Swedish company AstraZeneca with almost the same amount of employees in Sweden (5,900) as in the UK (6,700).
We were also reminded that there is a lot of British investment going in to Sweden and British exports to Sweden currently exceed British exports to India. British companies are representing many different sectors and can be found all over Sweden – from the very north to the very south.
The Industrial Forum, which the embassy runs in collaboration with the Swedish Chamber of Commerce, is a lecture series that has been running since the 1990s. It has been a very successful format for senior business leaders to meet and exchange views. Guest speakers in recent years have included Börje Ekholm, Cristina Stenbeck, Jens Henriksson, Viveca Ax:son Johnson and Niclas Zennström.