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Australian ICT and digital media companies seeking to expand to the UK are being targeted via a new drive from UK Trade & Investment. The body has launched Go UK a business plan competition open to Australian and New Zealand businesses with an interest in crossing the pond.

UKTI says it assisted around 40 Australian companies to establish themselves in the UK last year.

The competition allows companies the opportunity to win business support packages that include return airfares to London, meetings with potential business partners, client contacts, business networks, a free limited company, business services, and ongoing UKTI support to expand to the UK and Europe, and then the world.

“We all know examples of great Aussie success stories in the UK. But not so many people know about the SMEs that crack the UK market every year. It doesn’t matter what your line of business, any Australian company thinking of establishing themselves in the UK should enter Go UK, ” said Richard Morris, Director General of UK Trade & Investment in Australia and New Zealand.

A similar initiative, UK Market Entry (UKME) competition, was run last year and attracted 95 entrants in Australia and 60 entrants in New Zealand.

PHM Technology (PHMT), a software company that develops advanced modelling and analysis tools for the design and operation of critical systems for the aerospace and oil & gas industries was one of the winners of the UKME initiative.

Entries are open for Go UK participants to submit their business plan online with close of entries on Friday 3 February 2012. ®

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