"Official figures show that the proportion of UK companies that have ever exported has fallen from 45 per cent to 38 per cent in recent years. Kyle said reversing that trend was a priority for the government, arguing that international demand for British goods and services remains strong. Drawing on recent visits to China, Japan and the World Economic Forum in Davos, he told delegates there was a "great thirst for Britain"."
""I accept that exporting for the first time is different, it's difficult and it's novel," he said. "Anything that's novel takes a bit of getting used to and a bit of confidence and enthusiasm to jump into. Sometimes it takes a leap of faith.""
"Kyle suggested many SMEs underestimate both the level of overseas demand and the support available to help them expand internationally. He pointed to the £11 billion trade finance lending package announced at the end of January, funded through the balance sheets of five major high street banks. Under the scheme, UK Export Finance will guarantee up to 80 per cent of loans, while also providing advisory support to help businesses navigate international markets."
Official figures show the proportion of UK companies that have ever exported has fallen from 45 per cent to 38 per cent in recent years. The government prioritises reversing that decline and asserts international demand for British goods and services remains strong. Recent engagements with China, Japan and the World Economic Forum indicated substantial overseas interest in British products. Many SMEs underestimate both overseas demand and the support available. An £11 billion trade finance lending package will be funded through five major high street banks, with UK Export Finance guaranteeing up to 80 per cent of loans and providing advisory support. Business groups warned that encouragement alone will not be sufficient.
Read at Business Matters
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