Financial market
U.S.-UK Financial Innovation Partnership Mission
The U.S. – UK FIP trade mission is recruiting U.S. businesses to join this financial services and technology mission to the UK.

Dates: June 20–23, 2022

US-UK FIP Mission

Join Us

The United States Department of Commerce, International Trade Administration (ITA) is organizing a financial services trade mission to the United Kingdom in conjunction with the United States - United Kingdom Financial Innovation Partnership Initiative from June 20 to 23, 2022.

The purpose of the U.S. – UK Financial Innovation Partnership (FIP) trade mission is to expand opportunities for U.S. companies at the intersection of financial services, technology and international commerce.  The FIP was established in May 2019 with the intent of encouraging collaboration in the private sector, sharing information and expertise about regulatory practices, and promoting growth and innovation.  The FIP focuses on two main areas – regulatory engagement and commercial engagement.  The FIP also seeks to promote a dynamic private sector that supports entrepreneurs and new business models – a necessary driver of financial innovation.

The FIP commercial engagement pillar provides for enhanced and regular opportunities for the private sector in one country to engage with industry associations and market participants in the other country. Participants in the FIP Trade Mission will gain market insights, make industry contacts, solidify business strategies, and discuss enabling policies, with the primary goal of increasing U.S. exports of products and services to the UK.

We invite you to join us for this opportunity. The application deadline is December 17, 2021, with limited spots available.

Register your interest today!

Applicants must submit a completed and signed mission application and supplemental application materials, including adequate information on their products and/or services, primary market objectives, and goals for participation no later than December 17, 2021. The U.S. Department of Commerce will review applications and inform applicants of selection decisions on a comparative basis. 

Submitting an application is indication of your interest to participate in the mission.  No fees are due at the time of registering your intent to join the mission. Once you are invited to join the mission payment of mission fees and the signature of the participation agreement is then due in order to participate in the mission.

The purpose of this business development trade mission is to introduce U.S. firms to the rapidly evolving market for financial services and technology, and to engage in a discussion with key decision-makers as to how to engender sustainable policies and regulatory environments to support bilateral trade in financial technology products and services.  The mission will enable participating firms and organizations to gain market insights, make industry contacts, solidify business strategies, advocate for enabling policies, and advance specific projects, with the goal of increasing U.S. exports and policy engagement with the United Kingdom as part of the US-UK FIP.  By participating in an official U.S. industry delegation, rather than traveling to the region independently, U.S. companies will enhance their ability to secure meetings in-country and gain greater exposure through association with the U.S. diplomatic mission.

The U.S. – UK FIP trade mission will include, where available:

  • Meetings with national and/or local government officials, chambers of commerce, and business groups;
  • business appointments with pre-screened potential business partners, such as buyers, agents, distributors and/or joint venture partners;
  • and networking receptions for companies and trade associations representing companies interested in expanding and developing business in the United Kingdom. 

Recognizing that each participant’s objectives and opportunities will be different, this mission strives to blend structured activities at the group level with a high degree of customization through individual matchmaking appointments.  Final meetings and introductions will be based on the overall composite of confirmed participants and availability of outside parties.

The mission is designed for U.S. firms and organizations who play a part in the industry, especially those with products in the following categories:

  • Payments
  • Lending
  • Cross-border trade finance
  • Blockchain

This list is not intended to be exhaustive of all opportunities, but shows best prospect sectors. Applications from companies selling products or services within the scope of this mission, but not specifically identified, will be considered and evaluated by the U.S. Department of Commerce on a case-by-case basis.

Fees & Expenses

$2,800 USD for small or medium-sized enterprises

$4,500 USD for large firm or organization

$750 USD for each additional firm participant

*Expenses for travel, lodging, most meals and incidentals will be the responsibility of each mission participant.

For purposes of assessing participation fees, an applicant is a small or medium-sized enterprise (SME) if it qualifies under the Small Business Administration’s (SBA) size standards (https://www.sba.gov/document/support—table-size-standards), which vary by North American Industry Classification System (NAICS) Code.  The SBA Size Standards Tool [https://www.sba.gov/size-standards/] can help you determine the qualifications that apply to your company. 

*Note: The final schedule and potential site visits is subject to change and will depend on the availability of host government and business officials, specific goals of mission participants, and ground transportation.

Monday,

June 20, 2022

  • Trade Mission Participants Arrive
  • No Host Dinner/Delegation Meet Up/Evening Activity
    (i.e., London Eye)

Tuesday,

June 21, 2022

  • Opening Breakfast at Winfield House (Regents Park)
  • FCA Sandbox Discussion (Stratford)
  • Level 39 Accelerator Show Round and Visit with Key Tenants
    (Canary Wharf)
  • Evening Reception – TBC Bank/Venue in Canary Wharf

Wednesday,

June 22, 2022

  • 7:30am Opening of London Stock Exchange Networking, Ceremony, and Information on Listing on the Exchange (St Paul’s)
  • Bank of England Show Round and Discussion (Bank)
  • Delegation: Lunch on Own (Bank/Various); DAS: Programming

with DIT Counterparts (Whitehall)

  • FIP Roundtable Discussion with HMG, FinTech Alliance at U.S. Embassy (Vauxhall)
  • Evening Reception (Sponsored/Venue TBC)

Thursday,

June 23, 2022

  • Pitch Fest Half Day Forum at U.S. Embassy (Vauxhall)
  • Official Trade Mission Program Concludes

To participate in the mission each applicant must certify that the products and services it seeks to export through the mission are either produced in the United States, or, if not, are marketed under the name of a U.S. firm and have at least fifty-one percent U.S. content by value.  In the case of an organization, the applicant must certify that, for each entity to be represented by the organization, the products and/or services the represented firm or service provider seeks to export are either produced in the United States or, if not, marketed under the name of a U.S. firm and have at least 51% U.S. content.

For further details see full mission statement. 

Vincent Tran

Office of Finance and Insurance Industries

Washington, DC

(202) 482-2967

Vincent.Tran@trade.gov

 

Gemal Brangman

Senior Advisor, Trade Missions

Trade Events Management Task Force

Washington, DC

(202) 482-3773

Gemal.Brangman@trade.gov

 

Chrystal Denys

Commercial Specialist

U.S. Commercial Service London

+44 (0) 207 891 3419

Chrystal.Denys@trade.gov

 

Peter Sexton

Director, Global Financial Services Team

U.S. Commercial Service New York City

(212) 809-2647

Peter.Sexton@trade.gov

 

Eli Corso-Phinney

International Trade Specialist

Office of Western and Northern Europe

Washington, DC

(202) 482-7941

Eli.Corso-Phinney@trade.gov

 

Vincent Tran

International Trade Specialist

Office of Finance and Insurance Industries

Washington, DC

(202) 482-2967

Vincent.Tran@trade.gov

 

Brian Beams

Deputy Team Leader Financial Services

U.S. Commercial Service Northern New Jersey

(862) 235-5267

Brian.Beams@trade.gov

 

Ryan Wallace

Senior International Investment Specialist

SelectUSA

(202) 482-7805

Ryan.Wallace@trade.gov

U.S.-UK Financial Innovation Partnership Trade Mission Opportunities

Vincent Tran

Office of Finance and Insurance Industries

Washington, DC

(202) 482-2915

Gemal Brangman

Senior Advisor, Trade Missions

Trade Events Management Task Force

Washington, DC

(202) 482-3773

Chrystal Denys

Commercial Specialist

U.S. Commercial Service London

+44 (0) 207 891 3419

Peter Sexton

Director, Global Financial Services Team

U.S. Commercial Service New York City

(212) 809-2647