Secretary of Commerce encourages small businesses to reach their export potential
Small businesses across the country are in a privileged position to seize the opportunities of new trade deals and help the UK become an exporting superpower, the Secretary of Commerce said today.
On Small Business Saturday Anne-Marie Trevelyan heralds the power of small businesses and encourages them to take advantage of the government’s recently renewed support for exporters, so they can sell more of their first-class products around the world.
New figures released this week show small businesses exported over Â£ 99bn of goods and services in 2019, up more than Â£ 700m from the previous year.
However, only 1 in 10 small businesses sold their products overseas, with just over 228,000 small businesses exporting goods and services in 2019.
International Trade Secretary Anne-Marie Trevelyan said:
From the general public to the web, small businesses are at the heart of our economy. It’s great to see that so many people are reaping the benefits of exporting and we want to see them go even further.
Only 1 in 10 small businesses currently export, so we are stepping up our support to give them direct and personalized advice to help them in their export journey. Many of these companies are in a privileged position to benefit from the trade deals we negotiate and can play a vital role in helping the UK achieve our Race to a Trillion.
Last month, DIT released a 12-point export strategy – titled ‘Made in UK, sold globally’ – to help more companies sell more products in more countries, so that the UK United reaches a trillion pounds per year in exports of goods and services. .
Alongside the strategy, DIT organized International Trade Week, which featured 20 SME-specific events providing expert and personalized advice to the more than 1,000 registered companies that attended.
Over 1,000 companies have also already registered for the newly expanded UK Export Academy, which offers comprehensive free training for SMEs to learn how to sell to customers and contract with confidence around the world.