- The new export strategy kickstarts ‘Race to a Trillion’ as the Department for International Trade publishes a new 12-point plan to help UK businesses hit £1 trillion in exports.
Accompanying the new free trade agreements signed throughout 2021 the Government this week has launched a new ambitious ‘Made in the UK, Sold to the World’ plan to help businesses across Burnley and Padiham double exports and sell their world-class products around the globe.
A champion of local exports, MP Antony Higginbotham, who has already welcomed the Minister for Exports to the borough, is pushing for businesses to take advantage of these new opportunities and is supporting the new 12 point strategy which has been announced.
Commenting Antony Higginbotham MP said:
Helping more of our local businesses export has always been a priority for me. These are businesses that employ our friends, family and neighbours, and when they thrive, so does our whole borough. And since getting elected I've been around and spoken to many about the challenges of exporting and what more we can do to help, feeding this into Government.
The 12 point strategy announced addresses many of these. Through the UK Export Academy, in particular, local SMEs will be able to get information on how to go about exporting, attend networking events to meet other businesses that can offer advice, and get involved in the newly launched UK Tradeshow Programme, allowing UK companies, especially SMEs, to receive a leg-up to exhibit their first-class products at the world’s biggest tradeshows.
This is about creating more jobs, more growth and more opportunity right here in Burnley. I'd encourage every local business that is interested in exporting, but doesn't know how, to look at the plan and get in touch with me and I'll do whatever I can to help.
Part of the 12 point strategy includes an Export Support Service that offers a one-stop shop for exporting advice, and the launch of a new UK Tradeshow Programme, better-tailored to help businesses, particularly those outside of London and the South East, to attend and promote their products around the world.
The UK exported £600 billion in goods and services last year, but only around one in ten GB businesses currently export – with the number of goods exporters falling behind continental competitors like Germany, Denmark and the Netherlands.
Unlocking the UK’s exporting potential will help level up the country and boost the UK’s economy, with government commissioned research estimating that exports supported 6.5 million jobs across the UK in 2016, and showing that exporters pay higher wages. Separate analysis shows that goods exporting businesses are on average 21 percent more productive.
International Trade Secretary Anne-Marie Trevelyan is calling on businesses to ‘Race to a Trillion’ by seizing huge untapped opportunities on offer in the world’s fast-growing markets.
Secretary of State for International Trade, Anne-Marie Trevelyan MP, said:
This is a defining moment in our national trading story. As we agree ambitious new trade deals around the world, it is more vital than ever that businesses across the UK take advantage of these opportunities and unleash their full exporting potential.
Our export strategy will help more businesses start exporting and help those who already export to sell more products to more countries. Reaching £1 trillion worth of exports by the end of this decade means more jobs, more opportunities and higher wages helping the UK to level up and build back better.
This week, DIT is running the inaugural International Trade Week, featuring a series of over 100 events and workshops across the country hosted by expert trade advisers aimed to help businesses to take advantage of the export support available to them.