Speech

Secretary of State speech at International Education Strategy event

Transcript of International Trade Secretary Dr Liam Fox's speech at an International Education Strategy event in London.

This was published under the 2016 to 2019 May Conservative government
皇冠体育app Rt Hon Liam Fox

Introduction

Thank you all very much for coming this evening - and to our lead sponsor HSBC, and our supporting sponsor Pearson for making this event possible.

Let me start with a question. If I were to ask you to rank these sectors in order of their estimated export contribution to the UK economy, with the greatest at the top, what would you say?

Insurance, Education, and Whisky. Any guesses?

Well, it may surprise you to learn that based on the latest figures, Education would come top with 拢19.9 billion. 皇冠体育app total export of insurance and pension services from the UK was 拢18.8 billion. And Whisky exports were just 拢5 billion.

I don鈥檛 think 拢5 billion is small beer - if you excuse the expression. As a proud Scot and whisky-lover, 拢5 billion is obviously a huge amount of money. But it just shows how successful education is as an export.

Now, drawing comparisons is always a minefield and I want to make clear that while I鈥檓 quoting official figures, I鈥檓 not strictly comparing like with like. But my point is a very simple one: education is an unsung hero of our UK exports and makes a massive contribution to our economy.

皇冠体育app fact is that our education exports are a remarkable success story - a jewel in our economic crown - and it is a success we should be unapologetic about celebrating.

Some 67% of the value of these exports come from higher education, much of it in the form of international students.

Most of the countries on earth - some 160 - use UK international qualifications in their national secondary examinations. Thousands of international schools use the UK鈥檚 K-12 curriculum - and almost 25,000 students directly attend over 40 overseas UK schools.

All but 15 of the world鈥檚 countries receive some sort of transnational education services from UK universities.

And of the world鈥檚 top 10 universities, 4 are in the UK, compared to 5 in the United States and only one, ETH Z眉rich - in the rest of Europe. Our Education Strategy thus builds on a remarkable record of success. However, we cannot rest on our laurels.

皇冠体育app changing global education marketplace

Britain stands on the brink of a new era in our trading history. It is an opportunity we intend to seize as an outward looking Global Britain.

皇冠体育app United Kingdom is a great, outwards looking trading nation. It is not only in our history - it鈥檚 part of our make-up. Today, a key component of this is our services sector, we are one of the world鈥檚 largest service exporters - second only to the United States.

皇冠体育app share of global GDP of the seven largest emerging economies - including China, India and Turkey - has been projected to increase from around 35% to nearly 50% by 2050.

皇冠体育app global middle class is expected to reach 5.4 billion people by 2030, up from 3 billion in 2015.

This seismic shift in economic and demographic power will rapidly change opportunities in the global economy, driving demand for precisely those skills and expertise in which the UK already excels.

And our educational providers can be at the forefront of this shift, reaching out to seize the opportunities of a rapidly changing and expanding global education market.

Strategy outline

Our International Education Strategy is designed to achieve just this.

As the Education Secretary has just outlined, we recognise that it is leaders like you - not government - that must be at the forefront of this ambition.

That is why it is a sector-led Strategy, developed in cooperation with education providers across the UK to address the practical barriers you face, and finding the right tools to overcome them.

Some education providers may feel they are not suited to take advantage of exporting opportunities, or lack the confidence or knowledge in how to pursue them.

皇冠体育appy may not have the information they need about how to tackle policy or regulatory barriers to access overseas markets, how to seek and get finance, or even where to go for help.

This Strategy is about overcoming these challenges. At its heart is an ambitious goal of achieving an increase in the value of our education exports to 拢35 billion per year.

Partnership across government

It sets out a whole-of-government approach to put in place the practical, advisory and promotional support to further strengthen the UK鈥檚 position at the forefront of global education: connecting international partners, opening markets and unlocking new opportunities in rapidly growing areas such as early years and EdTech.

An early example is the digital learning company, Pearson, our supporting sponsor here tonight. 皇冠体育appy have received an official endorsement from the Thai government which allows BTEC qualifications to be delivered in every vocational and higher institution in Thailand, with the view to expand BTECs across 800 vocational institutions in the country.

And supported by the Department for International Trade, a delegation from the Thai Ministry of Education, visited Pearson in November 2018, to discuss future plans and to sign an agreement between Pearson, the Ministry for Education and trade bodies of Thailand to work together on BTEC implementation.

Soft power benefits of education exports

Success stories like these are important: and not just for our economy. Promoting the UK鈥檚 education sector is not just about jobs and exports growth.

Education is the enemy of ignorance. It promotes understanding across borders. It is something that is universal: bridging barriers of country, language and politics. It nurtures new ideas, spurs innovation and opens minds. It is the building block of prosperous, creative and free societies. It is an end in itself - the building block that all civilisations have utilised.

So this Strategy also recognises that the benefits of our education exports extend, not merely to growing the exports, investment and jobs the UK needs.

It also extends to the wider benefits of growing the UK鈥檚 鈥榮oft power鈥�: aiding our international collaboration, helping tackle global challenges like poverty, and, in turn, strengthening our national security.

Conclusion

Forging a new role for the United Kingdom on the world stage starts with rising to the exporting challenge - of which this Strategy and the education sector will form a key part.

I am confident that, working across Government, educational institutions and leaders like the ones in this room, we can rise to this challenge - ensuring that the future of the UK education sector is even more outstanding than it was in the past.

皇冠体育app potential is there. So are the opportunities. And, with this Strategy, so are the tools.

Now we need to build the network and relationships that will help realise those opportunities. And that is what this event is all about. So over to you

Updates to this page

Published 1 May 2019