SCC Annual Report 2022

ANNUAL REPORT 2022

ABOUT THE SCC

The Swedish Chamber of Commerce for the United Kingdom is the ultimate platform for entrepreneurs and businesses within the Swedish-British business community. Founded in 1906 – by business and for business – we have represented, inspired and promoted our members, extended commercial relations between our countries, and delivered first-class services and events for over a century.

CONTENT MEMBERSHIP

80%

2022 IN BRIEF

ROYAL FLAIR AT SCC EVENTS

In May, the SCC gathered some 400 delegates and 30+ speakers to its sustainability summit Impact, followed by the Royal Gala Dinner, both in the presence of Their Majesties the King and Queen of Sweden.

10,000

In 2022, we exceeded 10,000 followers on LinkedIn.

110

Share of members rating the membership as either ‘valuable’ or ‘very valuable’.

HELPING SWEDISH BUSINESS ESTABLISH AND GROW

In 2022, we helped 110 Swedish businesses to get a foot into the UK market through our accelerator and market entry programmes, such as AccessUK and Ecosystem Exchange, delegation visits and partner searches.

NOVEMBER

SCC NOMINATES CHAIR-DESIGNATE

Peter Jelkeby was nominated to succeed Jan Olsson as Chair of the Swedish Chamber of Commerce for the UK, with the formal appointment made by the Annual General Meeting on 8 June 2023.

SWEDISH BUSINESS FOOTPRINT IN THE UK

We asked 87 Swedish businesses how they support productivity and growth in the UK. Together, they employ almost 80,000 people - and will invest in close to 9,000 new jobs within the next 5 years.

NEW SCC CHIEF EXECUTIVE

Fredrik Warneryd took on the position as SCC Chief Executive, following Peter Sandberg’s resignation from the role.

EVENTS CALENDAR BACK IN FULL FORCE

80,000 98

Throughout 2022, we hosted 98 events. While holding on to the virtual format when favourable, the SCC’s in-person events were back in full force.

73

DECEMBER

73 NEW MEMBERS

A record-number of new members joined the Chamber in 2022.

AN ERA OF NEW BEGINNINGS

In 2022, we experienced the end of several eras – globally, in Europe, in the UK and here, at the Chamber. As the world entered the so called “new normal”, businesses and societies had to reconsider what normality would look like coming out of the pandemic. Things that we had taken for granted for decades were suddenly put to the test. Should businesses keep their offices or should employees be allowed to work remotely? What type of travel is really necessary? Is the 9-5 workday outdated, our old habits unhygienic, and our energy resources unsustainable?

Meanwhile, after 70 years of peace, Europe entered a dark chapter with the Russian invasion of Ukraine. Having barely come out of the pandemic, countries were once again put under pressure; forced to act quickly, they had to adapt to sanctions and phase out Russian import. Simultaneously, we had to find ways to support Ukraine – financially, as well as with weapons, training and aid, while many nations chose to ramp up their own military and defence.

Yet, the outer threat served as a reminder of the values shared between Western countries, making them join forces and unite.

Here in the UK, several chapters came to a close, some shorter than others. No less than three Prime Ministers inhabited Number 10 throughout the year, and their budgets and policies were barely put into practice before being thrown in the bin. More than anything, the UK was moved by the end of another era, the Elizabethan era. For ten days, the country mourned the loss its much beloved Queen, who had served the country for 70 years. As we entered 2023, we entered the era of King Charles III.

Last but not least, the Chamber went through some significant shifts of its own, as Peter Sandberg did his last day as Chief Executive on the very last day of the year. 2022 was also the last year of Chairmanship of Jan Olsson, who will pass on the torch to IKEA’s Peter Jelkeby at the Annual General Meeting 2023. Now, as the world enters the

new normal, an era of joint forces, new leaders and opportunities, the SCC looks forward to exploring this era side by side with our members.

And despite the challenges facing our community, optimism is growing among Swedish businesses in the UK. Out of 22 markets surveyed in the annual Business Climate Survey, the UK had the highest share of Swedish businesses planning to increase investments in the upcoming year, as well as the highest share of businesses in Europe expecting an increased turnover. This proves how, in the middle of all these changes, one thing stays intact – the Swedish-British business bond.

Jan Olsson Chairman Fredrik Warneryd Chief Executive

DEFENDING DEMOCRACY IN TURBULENT TIMES

The Link spoke to Micael Johansson, President and CEO of SCC patron Saab, about the current security situation in Europe, what it means for Sweden, the defence industry and for Saab.

The Swedish-British “love-in”, and mutual passion for tech, innovation and sustainability is demonstrated by businesses like Skanska, IKEA, Spotify, Klarna and EQT Group, paving the way for a deepened collaboration and exchange, writes previous SCC Chief Executive Peter Sandberg in City AM.

“THE SWEDISH-BRITISH RELATIONSHIP IS ONE OF FRIENDSHIP AND TRADE”

GROWING OPTIMISM AMONG SWEDISH BUSINESSES IN THE UK

The 2022 Global Business Climate Survey proved that optimism is growing among Swedish businesses in the UK. Out of the 22 markets surveyed, the UK had the highest share of Swedish businesses planning to increase investments in 2023, as well as the highest share of businesses in Europe expecting an increased turnover.

A STRONG AND SUPPORTIVE COMMUNITY

The Russian war in Ukraine seemed to excel the need to form alliances within and across Europe. Similarly, the Chamber saw a record-high number of companies joining the membership, ranging from large corporates to smaller organisations. In 2022 alone, the SCC was delighted to welcome 73 new members and 4 new patrons to the membership, meaning that the community currently holds 400+ members and 60+ patrons.

As the aftermath of various new realities was hitting the UK simultaneously; the war in Europe, Brexit and COVID, the community was able to come together and offer each other guidance and support. The SCC was happy to provide our members with the platforms needed to meet and exchange knowledge – such as conferences, dinners,

forums and webinars, where members and other stakeholders could meet, discuss and learn from each other. We used our various communication channels, such as our member magazine; the Link, our website, newsletters and social media, to share and circulate learnings, stories and advice from within the community.

Our Business Services team helped Swedish businesses looking to enter the UK market, by organising sector specific accelerator programmes, including the Ecosystem Exchange-series focusing on fintech, greentech, createch and foodtech, as well as the Nordic Scaleup Programme, where startups and scaleups from the Nordic region are supported on their growth journey to the UK.

All in all, the SCC continued to be a bridge between Sweden and the UK, a facilitator for Swedish businesses on their journey to the UK and a focal point for the SwedishBritish business community.

80%

MEMBERS OFFERING BREXIT SUPPORT

In early 2022, the Link spoke to law firms from the SCC membership about the key issues for businesses that had been solved, and issues that were yet to be settled – one year after the UK left the EU.

HIGHLY VALUED MEMBER OFFERING

80% of members rated the membership as either ‘valuable’ or ‘very valuable’ in the latest member survey.

Authorities & organisations, 5.6%

Business services*, 36.3%

Education & training, 4.8%

Energy & natural resources, 1.6%

Financial services, 15.1%

Hospitality & Entertainment, 4.8%

Industrials & manufacturing, 5.4%

Infrastructure & construction, 6%

Life sciences, 3.2%

Media & printing, 1.6%

Retail & consumer goods, 12.6%

Transportation & logistics, 3%

* Members within the Business services sector are active in the following sub-sectors:

Accounting & Auditing, 7.3%

Branding, Communication & PR, 13.9% HR & Recruitment, 6.6% Law, 19% Management Consulting, 19%

HELPING SWEDISH BUSINESSES IN THEIR UK EXPANSION

Nicholas Baines, Co-founder of SCC member Nara Communications, helped newly-established Swedish businesses to understand the UK media landscape.

Product Development & Design, 2.2%

Relocation, 0.7%

Software as a Service, 24%

Translation, 2.2%

Workplace Solutions, 5.1%

73

RECORD-NUMBER OF NEW MEMBERS

A record-number of 73 new members joined the Chamber in 2022.

4

MORE BUSINESSES JOINED THE PATRONSHIP

3 TOP 1. EVENTS/NETWORKING

REASONS FOR MEMBERSHIP

2. SUPPORTING THE COMMUNITY

4 businesses joined the SCC patronship in 2022 to support the community, stabilising the number of patrons at 61 businesses in total.

EVENTS CALENDAR BACK IN FULL FORCE

Looking back at 2022, the highlights are many. In May, the SCC was honoured to host the Royal Gala Dinner at Rosewood Hotel London, in the presence of Their Majesties the King and Queen of Sweden, as well as The Rt Hon Sir Alok Sharma KCMG, and many others. We had the pleasure of once again inviting members to our Stockholm-based Swedish-British Reception and Dinner, hosted at the residence of H.E. Judith Gough, British Ambassador to Sweden, and Fotografiska Restraurant.

It became evident that many had been looking forward to returning to physical events, increasingly so as people worried less about COVID-19. Over the year, the Chamber executed close to 100 events, gathering more than 2,600 guests, with

summits such as Impact and Outer Thinking returning to the stage. The conferences included high profile speakers such as Anna Ekström, Anna Kinberg Batra and Air Chief Marshal the Lord Peach GBE KCB DL, and businesses such as Google, IKEA, H&M and King.

Also continuing with our muchappreciated forums, covering areas such as Tech, Nordic M&A and Nordic Private Equity, we chose to introduce a number of new events and formats. Most notably, our Alumni Meetup, taking place in Stockholm, allowed us to gather SCC team members, old as new, for a festive reunion across generations.

In terms of guests, it was a year when we, after years of restrictions, finally were able

80% 98

BUSY EVENTS CALENDAR IN 2022

Throughout 2022, we hosted 98 events. While holding on to the virtual format when favourable, the SCC’s in-person events were back in full force.

2,600

to return to our full capacity. And so we did, with pomp and circumstance, when wrapping up the year by inviting 500+ guests to our Annual Christmas Luncheon.

Last but not least, we hosted a number of intimate and insightful business breakfasts, link up drinks and dinner discussions, covering a wide range of topics, such as retail, low-carbon construction and the European security situation. Our Young Professional community was invited for a masterclass at LinkedIn’s offices, for a Gin Distillery Tour at Beefeater and a Business Insights discussion with Scandinavian Airlines.

91%

AMONG TOP REASONS FOR MEMBERSHIP

In the latest member survey, 80% said the main reasons for their SCC membership is “Attending events and general networking”.

WELL-ATTENDED EVENTS

From intimate roundtables, to major flagship events, such as Impact and the Annual Christmas Luncheon attended by 500+ guests, our events gathered more than 2,600 attendees in total over the year.

HIGHLY VALUED EVENTS OFFERING

In the member survey, 91% rated the events offering as either ‘good’ or ‘very good’.

FROM TOP LEFT TO RIGHT

(Priveq), Fredrik Bolander (Lincoln International) at Nordic Private Equity Forum, 22 October. 6. John Vary (John Lewis Partnership) at Tech Forum, 21 September. 7. Pierre Baisle (Digital Catapult), Louise Dyrendahl (EY), Dr Jo Twist OBE (UKIE), Ben Roth (Volvo Cars), at Tech Forum, 21 September. | 8. Jens Henriksson (Swedbank), Anna Kinberg Batra, Jonathan Reynolds (MP), at Outer Thinking, 1 December.

1. Jan Olsson (SCC), Their Majesties the King and Queen of Sweden, H.E. Mikaela Kumlin Granit (Swedish Ambassador to the United Kingdom), Peter Sandberg (SCC) at Impact, 27 May. | 2. Johan Lundgren (Easyjet), Anko van der Werff (SAS) at Impact, 27 May | 3. Rt Hon Sir Alok Sharma KCMG MP, at the Royal Gala Dinner, 27 May. 4. Her Majesty the Queen of Sweden arriving at the Royal Gala Dinner. | 5. Jan Jensen (White & Case), Maria Perez Hultström

FROM TOP LEFT TO RIGHT

UK, Peter Jelkeby (IKEA), Executive Forum & Dinner, 3 November. | 8. Air Chief Marshal Sir Stuart Peach GBE KCB ADC DL, Dean Rosenfield (Saab UK), Outer Thinking, 1 December. | 9. Peter Sandberg (SCC), Their Majesties the King and Queen of Sweden, Impact, 27 May.

1. Anna Borg (Vattenfall), Impact, 27 May. | 2. Svetlana Wolff (SAS), Elin Wisenius (Bluedog), Niko Ek SAS, Young Professionals Business Insights with SAS, 27 October. | 3. Leif Johansson (AstraZeneca), Julia King, Baroness Brown of Cambridge DBE (Carbon Trust), Impact, 27 May. | 4. Maria Norrman (EF Education First), Steve Angus (British Embassy Stockholm), H.E. Judith Gough, British Ambassador to Sweden, Swedish-British Reception & Dinner, 22 August. | 5. Ida Hansson Brusewitz (Dagens industri), Tech Forum, 21 September. 6. Fredrik Bolander (Lincoln International), Nuala Higgins (Carnegie Investment Bank), Pia Kåll (CapMan Buyout), Jan Olsson (Deutsche Bank, SCC), Hans Årstad (KKR), Nordic M&A Forum, 10 March. | 7. Therese Whitcomb-Eriksson (Embassy of Sweden), H.E. Mikaela Kumlin Granit, Swedish Ambassador to the

| 11. Anna Ekström, Swedish Minister for Education, Impact, 27 May. | 12. YP Carnival Night at AlphaSights Rooftop, 7 September. | 13. Katy Dowding (Skanska), Dinner Discussion on Social Value, 30 June. 14. Micael Johansson (Saab), Viveka Hirdman-Ryrberg (Investor AB), Swedish-British Reception & Dinner, 22 August. | 15. SCC Alumni Reception, 23 August. | Darren Wilson (LKAB Minerals), Swedish-British Reception & Dinner, 22 August. | 16. Outer Thinking, 1 December. | 17. Tech Forum, 21 September. 18-19. Annual Christmas Luncheon, 2 December. | 20. Jens Magnusson (SEB), Anders Engstrand (SEB), Business Breakfast, 22 March.

10. Stefan Ingves (Sveriges Riksbank), Anders Engberg (SEB), Roundtable Discussion, 27 September.

EXCELLING THE SWEDISH AND UK ECOSYSTEMS

Since the Business Services’ offering broadened in 2019, the Chamber has continuously been adding value to companies’ growth journey by expanding the portfolio of concepts. 2022 marked a strong and important year for the department, as it helped 110 Swedish businesses dip its toe into the UK market. Through the different accelerator programmes, roundtable events, matchmaking, and partner searches, we made sure to offer great value to the network.

Adding partnerships and new industries In 2022, the Business Services department formed a new collaboration with the NHS Clinical Entrepreneur Programme. This marked an important milestone for the Chamber as a whole, as it increased our ability to help and support Swedish medtech and healthtech companies looking to expand to the UK.

EMBARKING ON A GROWTH JOURNEY

The Business Services department has been a stepping-stone for many start-ups and SME’s who are trying to get a foot in on the UK market. We accompanied them on their growth journey, from the initial stages where they wanted to learn more about the market, to sector specific programmes on how to expand to the UK.

INTRODUCTION TO THE MARKET

In 2022, we had the pleasure of welcoming 120 startups and SMEs to SCC patron EY’s offices in Stockholm as we hosted our ‘Welcome to the UK’ event. During a two-hour session, we provided knowledge on what the UK market has to offer, lessons learned from experienced experts and finished with networking.

We also had the pleasure of adding three new industries to our Ecosystem Exchange programme: foodtech, greentech and createch. The updated programme offering consists of a total of five different sectors where we welcome Swedish and other Nordic startups to London to give them a crash course on how to make it in the UK.

We helped 110 Swedish businesses to understand the UK market and build networks in their ecosystems through our accelerator and market entry programmes, delegation visits and business roundtables.

ESTABLISHING IN THE UK

Businesses that are ready to take the next steps in establishing in the UK, are invited to partake in our startup incubator programme. In 2022, we partnered up with KTH Innovation and arranged the KTH Brighter Programme which aimed to provide more knowledge on what it takes to establish a company on the UK market. Five early-stage startups joined us and was coached through inspirational and educational speeches, with the aim to prepare them to take their businesses to the next level.

SCALING YOUR BUSINESS

We turn to companies that are looking to learn more on how to scale, including possible growth strategies and connecting with important stakeholders. Through our sector-specific Ecosystem Exchange programme series, we connect the brightest up-and-coming businesses on the Swedish startup scene with the UK ecosystem of investors, experts, and entrepreneurs. In 2022, we had the pleasure of organising editions focusing on greentech, fintech, createch and foodtech. Besides this, we held our annual Swedish-British Games Connect which also aims to connect the Swedish and UK ecosystems with each other. Next up, we will be adding the Nordic Capital Raising Days to our offering, which will be a new capital raising format, tailored after the financial climate of today.

CONNECTING WITH THE EXTENDED NETWORK

We offer bespoke delegation visits to the UK, as well as tailored and more intimate roundtables – all according to the needs of the business or client. In 2022, we had the pleasure of welcoming the Stockholm Chamber of Commerce for a delegation visit where we had the opportunity to visit British Private Equity & Venture Capital Association (BVCA), London & Partners, Sharkmob, Kry/Livi, Houses of Parliament, Tech Nation and UKIE. Besides this, we also organised a retail roundtable discussion on behalf of Voyado, where representatives from the Swedish and British retail industry gathered to discuss sustainability, payments and loyalty in the retail sector.

“

Our London tour was a success. We came back with so much energy and many great ideas for development. The programme was truly world class - from the visits and meetings themselves to the restaurants. Phenomenal work and thanks again!

Said about a 2-day delegation visit the Chamber organised for its client

Swedish businesses investing in 9,000 new UK jobs

Despite Brexit, pandemic, and current economic turmoil, Swedish businesses have a positive outlook for their presence in the UK market and are making long-term commitments to their footprint in the country. A recent study shows that 87 Swedish businesses alone, today employ close to 80,000 people nationwide and will be investing in almost 9,000 new jobs within the next five years, supporting growth across the UK.

80,000

SWEDISH FOOTPRINT ACROSS THE UK

The participating Swedish businesses employ almost 80,000 people in the UK.

9,000

INVESTING IN THE FUTURE

Within the next 5 years, the businesses predict creating a total of almost 9,000 new jobs.

+11.5%

CONSIDERABLE GROWTH

Compared to the businesses’ current employment base, this is an addition of 11.5% job opportunities across the UK.

Small to its size but large on innovation, Sweden is the birthplace of global brands such as self-assembly innovator IKEA, retail giant H&M and world-leading security company Securitas – all of which employ thousands of people across the UK.

Swedish businesses have been present in the UK for centuries. From industrial group Atlas Copco, recently celebrating 100 years in the UK, to fintech company Klarna establishing in the country as recently as 2014, the UK continues to be a given destination for Swedish businesses looking for an international expansion.

“Today, there are more than 1,000 Swedish businesses active in the UK. Sweden is the UK’s 8th largest investor, between Canada and Ireland, and in 2021 alone, Swedish investments created 1,716 new jobs in the UK,” says Peter Sandberg, Chief Executive at the Swedish Chamber of Commerce for the UK, referring to a recent report from the UK Department for International Trade.

80,000 jobs across the UK…

In a study published in November 2022, the Swedish Chamber of Commerce, in collaboration with the Embassy of Sweden and Business Sweden, asked Swedish businesses how they contribute to the regional growth of the UK. Where are job opportunities created, and what investments are Swedish businesses making in the UK?

The study shows that 87 Swedish businesses alone, employ almost 80,000 people across the UK. Although London might have a denser concentration of head offices, 84% of jobs are in fact distributed outside of the Greater London region, with a large proportion of jobs in the North West, South East and in the East of England.

“This proves that Swedish investment and interests are far from limited to the capital – the impact of Swedish business in the UK is nationwide,” says Peter. “Based on the results, and our knowledge of Swedish businesses operating in the UK, we assess that well over 150,000 direct or indirect job op-

portunities are created by the 1,000 Swedish businesses with a UK presence. Not a bad contribution for a country of 10 million.”

…and almost 9,000 new jobs within five years

81% of the businesses participating in the study plan to expand their teams and employ within the next 5 years – creating a total of 8,927 new jobs. “This is an addition of 11.5% to the current employment base, which is a significant investment. With these new jobs, the businesses are showing long-term commitment to the UK,” Peter says.

Investing in local communities

Roughly half of the new job opportunities (47%) will be created outside of London and the South East. “Only in the North West, there will be more than 1,100 new jobs within the next five years. IKEA’s recent announcement to expand to Aintree, Preston, and Stockport, is only one example of how Swedish businesses continue to invest in local communities.”

NEW

Jobs will be created across a range of sectors. The largest job growth will be created within:

84%

SUPPORTING REGIONAL PRODUCTIVITY

A majority of current jobs (84%) are based outside of London and the capital region.

NEW JOBS DISTRIBUTED ACROSS THE UK

Roughly half of the 8,927 new jobs (47%) will be created outside of London and the South East.

ABOUT THE SWEDISH FOOTPRINT IN THE UK

The Swedish Footprint in the UK is a series of reports conducted by the Swedish Chamber of Commerce for the UK, in collaboration with the Embassy of Sweden in London and Business Sweden.

The aim of the report series is to examine the Swedish business footprint in the UK and how businesses support the national ambition of evening out gaps between regions and make the whole country grow.

swedishfootprint.co.uk

1. Business Services (22%)

2. Industrials & Manufacturing (20%)

3. Retail & Consumer Goods (16%)

4. Infrastructure & Construction (14%)

JOBS ACROSS SECTORS

SHOWCASING SWEDISH STRENGHTS AND SOLUTIONS

Whether you look at sustainability, tech and innovation, or leadership and people culture, Swedish businesses are in many cases leading the way and seen as a benchmark on the international stage. Throughout our services, we want to provide a platform for members to showcase the Swedish solutions to global problems, and enable knowledge-sharing, new collaborations, and encounters, across countries and industries. Through the SCC communication platforms, we have shared the stories of members tackling the climate crisis, the changing world economy and the cost of living crisis, and providing innovative solutions to economic recovery and growth across the UK. All through the community’s experts sharing their knowledge and experience in finance, law, human resources, and tech –only to name a few areas.

The Link Magazine

The SCC’s in-house magazine the Link is one of the main platforms for making the voices of the community heard. Released five times in 2022, distributed in 3,000 copies in print, and published online, the magazine masses approximately 10,000 readers per issue. Each article is also shared through our social media channels – reaching even further beyond the SCC membership. The magazine provides the readers with business insights, individual career stories, outlooks, and access to the community’s vast knowledge.

The SCC voice in the wider media

The needs and opinions of our members are our core priorities, and we continuously work to establish the SCC as the main voice for the Swedish-British business community, increasing our influence in

the sphere. The SCC Public Affairs Working Group provides the Chamber with a benchmark of the most pressing issues for the community, and through collaboration with SCC members, we are constantly working to widen the outreach in both Sweden and the UK.

Swedish business footprint in the UK

Through a collaboration with the Swedish Embassy in London, Business Sweden, and the British Embassy in Stockholm, the SCC launched a series of reports examining how Swedish businesses support the UK’s aspiration in ‘Levelling up’, tech and innovation, and sustainability. Following the first report on regional productivity and growth published in November 2022, the Chamber continues to highlight the Swedish contribution to regional targets, through regional events and follow-up reports in 2023.

MEMBERS SHARING INSIGHTS

182 member businesses were featured and introduced to the Link readers in 2022.

THE LINK: DEDICATED TO THE COMMUNITY SINCE 1936

In 2022, the Link was published five times, printed in 3,000 copies and distributed online, with a readership of 10,000 per issue. First printed as “The Link” in 1979, the first SCC magazine was published as “The Anglo-Swedish Review” in 1936.

SWEDISH BUSINESSES SUPPORT GROWTH ACROSS THE UK

In 2022, we asked Swedish businesses in the UK how they contribute to the regional development across the country. 87 businesses alone employ 80,000 people in the UK, of which 84% are outside of the London capital region. Following the results, the Chamber organises regional events throughout 2023 to examine what the Swedish business footprint looks like in different parts of the UK:

22 Feb 2023: Newcastle/Gateshead

26 Apr 2023: Edinburgh

7 Sep 2023: Manchester

10,000+

EXPANDING THE NETWORK

MEMBERS HAPPY WITH SCC COMMUNICATIONS

In the most recent member survey, 98% of members rated the SCC communications as either ‘good’, or ‘very good’.

19

THE VOICE OF THE COMMUNITY

Throughout the year, the Chamber was featured 27 times in UK and Swedish national press, including City AM, Sveriges Radio, Dagens industri, and Svenska Dagbladet, just to name a few.

BOARD OF DIRECTORS

The Board of Directors is responsible for the oversight of the strategy and management of the affairs of the Swedish Chamber of Commerce. The Board of Directors is comprised of representatives of member firms from a cross section of industries and sectors, sizes and geographical origins. The various Committees report to the Board of Directors on an ongoing basis, and the terms of reference for the Board of Directors are included in the SCC’s Articles of Association.

Honorary members

Björn Askert, Galgo | Count Bertil Bernadotte

Claes Dahlbäck | Bo Lerenius CBE | Ulla Nilsson

Karl-Johan Persson, H&M | Dr Anders Wall, Beijer Alma Jacob Wallenberg, Investor AB | Håkan Winberg

In attendance

Honorary Secretary, Astrid Trolle Adams,

Snellman

Chairman Jan Olsson Deutsche Bank

Chief Executive Fredrik Warneryd SCC UK

Björn Savén IK Partners

Alexander Goodwille Goodwille

Christer Gruvris AstraZeneca

Honorary President H.E. Mikaela Kumlin Granit Embassy of Sweden

Hélène Barnekow Ascension

Niko Ek Scandinavian Airlines

Dominic Fernandez-Ares Stena UK

Alex Haddon IC Design

Vice Chair Viveka Hirdman-Ryrberg Investor AB

Mikael Sørensen Handelsbanken UK

Tania Tandon TandonHildebrand

Adine Grate Corporate Advisor and Non-Executive Director

Anders Engstrand SEB

Suzanna Temple-Morris King

Hannes

Honorary Solicitor, Geraldine Elliott, RPC YP Representative, Matthew Blakemore, British Board of Film Classification

Dr A. Maria Dahl Innovent Biologics

Kristian Elvefors Volvo Cars

Katherine Ainley Ericsson UK & Ireland

Kerstin Mogull

Peter Jelkeby IKEA UK & Ireland

Alex Marsh Klarna

Birgitta Albåge Gough-Cooper Lazard

Johan Aurén Accountum

Maria Norrman EF Education First

Malin Svahn Saab Technologies UK

Kristian Terling HSBC Darren Wilson LKAB Minerals

THE COMMITTEES

Six committees, comprised of professionals at member firms, act as sounding boards and support for the management team. The committees remain subordinate to the Swedish Chamber of Commerce, and report to the Council regularly. They meet on a quarterly basis and assist in the executive, financial, marketing and membership areas of the Chamber.

THE EXECUTIVE COMMITTEE

The Executive Committee prepares the work of the committees for review by the Council. The committee also acts as a sounding board and support for the Chief Executive of the Chamber. The Chair heads the Committee.

Jan Olsson, Deutsche Bank, Chair

Viveka Hirdman-Ryrberg, Investor AB

Dr Maria Dahl, Innovent Biologics

Adine Grate, Corporate Advisor and Non-Executive Director

Fredrik Warneryd, SCC

THE FINANCE COMMITTEE

The Finance Committee is responsible for overseeing the financial administration of the Chamber, including budget setting on behalf of the Council. The Committee ensures that adequate financial controls are in place and approves capital investment, any major or unusual items of expenditure, as well as any bad debt write-offs. The Committee recommends the financial accounts to the Executive Committee and Council.

Dr Maria Dahl, Innovent Biologics, Chair

Birgitta Albåge Gough-Cooper, Lazard

Johan Aurén, Accountum

Kristian Terling, HSBC

Helena Whitmore, SEB

Fredrik Warneryd, SCC

THE NOMINATION COMMITTEE

The Nomination Committee is responsible for examination of skills and characteristics needed in candidates for the Council and for nomination of Council members.

Adine Grate, Corporate Advisor and Non-Executive Director, Chair

Kristian Elvefors, Volvo Car

Alexander Goodwille, Goodwille

Jan Olsson, Deutsche Bank

Fredrik Warneryd, SCC

PETER JELKEBY NOMINATED TO SUCCEED JAN OLSSON AS CHAIR OF THE SCC

On 17 November, the SCC Board of Directors announced that it had nominated Peter Jelkeby, CEO & CSO of IKEA UK and Ireland as its Chair-designate, with the formal appointment made by the Annual General Meeting on 8 June 2023.

REGIONAL CHAPTERS

Swedish businesses operate across the United Kingdom. In fact, many have their entire or main operations outside of London. We provide a network that covers a large part of the country, with our regional Chapters in the North West (Manchester), the Midlands (Birmingham), Humberside (Immingham), in the North East (Newcastle), and in Scotland (Edinburgh). We offer a platform for business through the countrywide network of members and local activities, such as business networking events, in each chapter, led by the Chapter Chairs.

NORTH WEST CHAPTER

Chair: Annette Borén

NORTH EAST CHAPTER

Chair: Caroline Theobald CBE

HUMBER CHAPTER

Chair: Camilla Carlbom Flinn

MIDLANDS CHAPTER

Chair: TBC

SCOTLAND CHAPTER

Chair: Mike Christopherson

THE TEAM

MANAGEMENT

The fourteen strong team at the Chamber is primarily divided into four departments: Business Services, Events & Programmes, Marketing & Communications and

& Community.

BUSINESS SERVICES

EVENTS & PROGRAMMES

MARKETING & COMMUNICATIONS

MEMBERSHIP & COMMUNITY

Membership

Anna Crona Head of Business Services

Jonas Eklund Head of Communications

Charlotte Hazén Events & Programmes Manager

Hannah Carlsson Sten A. Olsson Foundation for Research and Culture Scholar

Axel Paulsson Fund for Swedish Youth Abroad Scholar

Andreas Tysk Sparbanksstiftelsen Finn Scholar

Saga Palmér Marketing Executive

Annabel Daisley Gull & Stellan Ljungberg Foundation Scholar

Fredrik Warneryd Chief Executive

Christoffer Waldemarsson Membership & External Relations Manager

Molly Mortimore Intern

Linnea Ström Elof Hansson Foundation Scholar

Erica Wäreborn Intern

Kirti Lickfett Intern

PLATFORM FOR YOUNG TALENTS TO GROW

We are proud to offer talented and creative young professionals the opportunity to join the Swedish Chamber of Commerce and to gain international business experience through the SCC Scholarship Programme - all made possible through generous scholarships grants and donations. The Scholarship Programme lasts for 12 months and has served as a platform to launch many successful alumni careers over the years.

The first formal scholarship programme was launched back in the early 1980s, through the Wall Foundation setup by Dr. Anders Wall. However, internships have been provided throughout the Chamber’s history, including to H.M. King Carl XVI Gustaf of Sweden, back in 1972. Today, many of its alumni are business leaders at large multinational corporates, senior marketing directors or founders and entrepreneurs.

In 2022, five different foundations and scholarships supported our work, and offered a platform for young aspirational students. Many thanks to our donors in 2022.

SCOLARSHIP DONORS 2022

THE SCC’S EXTRAORDINARY MEMBER 2022: KARIN EHNBOM-PALMQUIST

On 2 December, Karin Ehnbom-Palmquist was presented the SCC’s Extraordinary Member Award for her “passionate and long-term support of the international scholarship programmes at Swedish Chambers across the world, and in particular to the Swedish Chamber of Commerce for the UK”. Through her role as Chair for the Scholarship Fund for Swedish Youth Abroad, she hopes to give opportunities to young talents to gain international experience and explore the world. Read the full interview through scanning the QR code.

MEET THE PATRONS

The patronship of the Chamber consists of a core group of member businesses, all committed to the long-term support of the Swedish-British business community. The patrons are advocates for the members of the Chamber and in return, the patronship comes with a range of added benefits, exclusive access and invites as well as extended marketing and networking opportunities.

Founded in 1992, the patronship has grown steadily and consists today of a vast number of member businesses that represent a wide range of industries, from the financial sector and manufacturing, to retail and tech. The patrons reflect the strength of the Chamber’s business platform and represent some of the largest brands in Swedish-British business.

LEARN MORE ABOUT THE PATRONS

In each issue of The Link magazine we meet one of the SCC patrons to learn more about the business, to get sector insights and to understand how they are tackling the greater trends. In 2022, IKEA, Kinnarps, Stora Enso, Nefab, Scania, and Invenio Growth, were among the featured patrons. Scan the QR code to read the full features.

STATUTORY ACCOUNTS

SWEDISH CHAMBER OF COMMERCE FOR THE UNITED KINGDOM (A company limited by guarantee)

Statement of income and retained earnings for the year ended 31 December 2022

Extracted from the audited financial statements of the Swedish Chamber of Commerce for the United Kingdom for the year ended 31 December 2022.

The financial statements of the Swedish Chamber of Commerce for the United Kingdom are audited annually by:

Calders (1883) LLP

Chartered Accountants and Statutory Auditors

30 Orange Street

London WC2H 7HF

Statement of financial position as at 31 December 2022

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