The United Kingdom (UK) of Great Britain and Northern Ireland comprises England, Scotland and Wales (Great Britain) and Northern Ireland.
In 2019–20, the United Kingdom was Australia’s fifth largest trading partner with Australian exports worth $21 billion.
The United Kingdom is Australia’s second largest source of investment after the United States. Total investment in Australia reaching $686.1 billion at the end of 2019 or 17.8% of total foreign investment in Australia.
The enduring relationship between Australia and the UK is underpinned by shared heritage, common values and strong personal ties. The strategic outlook of both countries is closely aligned, and this is reflected in long-standing trade and investment links.
Information on preparing your business for Brexit and the UK decision to leave the EU – Brexit.
More information on doing business in United Kingdom.
The Australia–UK Free Trade Agreement
Find out more information about the progress of the Australia-UK Free Trade Agreement on the Department of Foreign Affairs and Trade's (DFAT) website.
UK regions and specialised industry
Scotland is one of the UK’s top investment destinations, attracting more foreign investment than anywhere in the country outside of London.
Northern Ireland is the world’s top destination for fintech development inward investment. The region also benefits from low-cost customer support services.
North of England
North England is home to world-leading design and manufacturing. It also produces 50% of UK nuclear projects and 30% of all renewable energy projects.
Welsh industry is diverse, including world-leading innovation in compound semiconductor technology, life sciences, energy and the environment.
The Midlands is a centre for manufacturing, including especially the automotive sector. It is a magnet for overseas investment, with discounts for research.
South of England
South England is the UK’s top destination for overseas expansion, focusing on financial services, pharmaceuticals, biotechnology, aerospace and data.
Opportunities for Australian business
UK and Australia share common geopolitical, economic and environmental challenges in the post COVID-19 period. Combatting these challenges offers commercial opportunities as both countries look to diversify export markets.
Austrade UK is exploring opportunities for Australian exporters in:
- agribusiness and food
- energy and the circular economy
- critical minerals
- health and life sciences
- advanced technologies