Mark,
From experience of the same question, 10 people will give you 11 answers on this!
I followed advice and went 2 ways - I bought a Helle Eggen as a 'nice/best' knife, although if you want longer, the Jegersmeister is another popular choice, its a great looking knife, bloody sharp and I love it.
I also bought a Mora Companion as a cheap spare. Its bright orange so great when its getting dark, I was so impressed with it for £12 that I bought one for my old man too and a slightly smaller Mora Punch that I intend to use for rabbits as its small enough to put finger over point when unzipping, for the price they are as good as the posh ones.
I also bought a strop and whilst I thought i was ok at sharpening knives this has changed the way I use them and how sharp I keep them, combined with a Lanksey box sharpener all my knives are shaving sharp.
I am sure there'll be many on here shortly telling you the best £200 work of art is where to go I am more than happy to fully recommend either of the above.
Karl