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On behalf of the Bank of England, I am delighted to offer my congratulations to the winners of the 2018 Queen’s Awards for Enterprise for their outstanding achievement in trade, innovation, sustainable development and promoting opportunity through social mobility.
The United Kingdom has a proud history of technical and industrial innovation, and the Queen’s Awards for Enterprise have played an important part in encouraging these initiatives for more than half a century. Companies like yours are extending this impressive track record and helping keep the UK at the forefront of new technologies and new markets.
Your entrepreneurial spirit is more important than ever as our economy undergoes a period of profound change. The United Kingdom’s departure from the European Union will provide an opportunity to refresh and redefine our trading relationships with the rest of the world. And as a range of new general purpose technologies fundamentally change how we work, the best companies will create the jobs of the future and ensure employees are equipped to carry them out.
The Bank of England is playing its part by fostering the right environment for trade, innovation and sustainable development to flourish. By maintaining monetary and financial stability, we create
the conditions where businesses can concentrate on innovation and growth. We ensure that the financial firms we regulate meet tough international standards and we seek open and cooperative approach with foreign regulators to promote trade in financial services. We have a new Fintech hub to capture the benefits of new technologies and are upgrading our payment systems to improve connectivity and services for businesses and households. We are also working to mobilise capital for green and low-carbon investments to support the UK’s transition to a low carbon economy, helping foster the environment for more sustainable and inclusive growth.
But as worthy as these initiatives are, they would count for little without the drive of companies like the 2018 winners. Congratulations and thank you to all.
Many congratulations once again.
Mark Carney Governor