Exporting SMEs require support says BCC

#BCC #ukmfg #The British Chambers of Commerce has published an international trade survey looking at how many UK companies are currently exporting and the barriers they face in penetrating new growth markets. The survey of nearly 4,700 businesses shows that the number of BCC members that are actively exporting has risen from 32% in 2012 to 39% in 2013 — and that the EU is still the most popular market.

However, many businesses now recognise “the changing dynamics of the global economy”, with more companies targeting the fast-growing economies of the United Arab Emirates (UAE) and India to try and increase their export sales.

John Longworth, director general of the BCC, said: “With austerity measures set to continue until 2018, it is clear that a sustainable recovery will have to rely heavily on diversifying and re-balancing our economy towards exports.

"British companies have massive untapped potential to expand, but they need the right backing to help them compete globally and break into new markets. With Europe losing its lustre and falling behind the economic pace of the outside world, it is high time for British businesses to re-assess their priorities.

“SMEs need support on the ‘front line’. Companies want to work with people who understand business, with the local knowledge on the ground that can deliver practical contacts, potential partners, real customers and supply chains. To meet the scale of the UK’s economic challenge, funding for the development of SME exporters and in-market support should be increased further as part of the Government’s upcoming Spending Review.

“The Government has a responsibility to help bridge the gap between market opportunity and risk. Businesses should be better exposed to the opportunities of global trade through greater support from the Government for promotional activity and trade-show attendance. The time to act on these opportunities is now, as only then will the UK stand a chance of competing with the rest of the world."