Government looks to boost exports
The Government has laid out its plans for helping more UK firms break into overseas markets.
The UK Trade and Investment’s (UKTI) new strategy has been designed to champion British firms abroad and to attract investors to the country, the Government said.
The strategy should herald a more entrepreneurial approach and has adopted several key policies.
These involve targeting services at innovative and high growth SMEs in an effort to encourage more companies to export; winning high value opportunities in overseas markets for UK businesses; and delivering high quality inward investment.
The Government is now looking in more detail at how it works with businesses, especially SMEs.
Business Secretary, Vince Cable said: “This Government is committed to ensuring that trade and investment plays a key role in delivering our plan for growth. We want to ensure UK businesses of all sizes bring their expertise to the world and take advantage of key overseas markets, particularly the emerging economies.”
Rhian Chilcott, the CBI’s international director, commented:?”Boosting UK exports is crucial to growth so we welcome the new UKTI strategy.
“New initiatives to connect small and medium sized firms to trade finance, credit insurance and venture capital and to provide support networks and advice on exporting will be particularly helpful.”
The strategy can be read at http://www.ukti.gov.uk/uktihome/aboutukti/aimsobjectives/corporatestrate…