Glasgow Chamber of Commerce has signed a new Memorandum of Understanding (MoU) with Bremeninvest, the international brand of Bremen’s Economic Development, as part of a growing relationship between the two cities.
The new agreement will strengthen economic ties, allow joint market explorations, and facilitate the exchange of knowledge and information between the regions, providing businesses with crucial intel to allow them to build new customers bases.
The agreement will also support Glasgow’s growing hydrogen and manufacturing sectors which the German market offers significant growth potential for. It is estimated that by 2045 approximately 3.3 Mt (126 TWh) of renewable hydrogen could be produced in Scotland, with approximately 2.5 Mt (94 TWh) of that either supplied to the rest of the UK or exported to other European markets annually, with Germany being a key importer of the energy source.
Over the past two years, Glasgow Chamber of Commerce has been working with Bremeninvest to facilitate trade missions and events. Last year, Scottish companies visited international trade fairs on hydrogen and space technologies in the Hanseatic city and Bremen-based companies also visited Scotland as part of a delegation trip.
Recent businesses who have visited Bremen on trade missions include Howden, Hydro-C, Chromacity, Hydrasun and among others.
Stuart Patrick, CEO, Glasgow Chamber of Commerce said: “This agreement is a major step forward for both cities. There is shared values and economic ambitions between the two regions and this agreement will make it easier for businesses to sell, collaborate and grow together.
“This partnership creates a pathway for businesses looking to grow and enter into the German market and strengthen the economic ties between these two historic cities”
Andreas Heyer, CEO, Bremeninvest said: "We are delighted to have found a strong partner in the Glasgow Chamber of Commerce. Bremen and Scotland share many similarities. Both locations attract talent and lay the foundation for a better future with their high-tech industries. Whether in aerospace, maritime industries, mechanical and precision engineering, or the energy sector, particularly in the area of hydrogen."