Partner Article

Barclays and UKTI team up to boost exports

UK Trade and Investment (UKTI) and Barclays have formed a partnership to stimulate small business growth in the UK.

Export advice will be offered to SMEs on how to establish links overseas at all operating levels, from finding customers abroad to setting up a new overseas operation.

Barclays’ recent report on business growth, reported on Bdaily, showed that businesses generate an average growth of 30% after exporting for just two years.

UKTI also recently received a £13m investment to enable UK firms to increase exports, and help SMEs into international markets .

Lord Green, the trade and investment minister, said: “The Government wants to see a further 100,000 British businesses exporting by 2020 and is committed to helping businesses of all sizes take their products and services to new markets overseas.

Research from Barclays showed that exporting boosts revenue growth and safeguards jobs simultaneously.

Steve Cooper, vice chairman of Barclays Business Banking, said: “Winning business overseas is a vitally important way for SMEs to prosper and help grow our way out of recession.

“We are committed to helping UK SMEs take that step to winning new trade around the world, and have experts in place across the globe ready to lend their support and advice.”

The new joint scheme will open up cash for SMEs to visit trade shows overseas, provide discounts on market research on UKTI’s market research, and offer travel support for businesses to travel internationally.

This was posted in Bdaily's Members' News section by Miranda Dobson .