Made in the UK – Sold to the World: New strategy sets challenge to boost exports to £1 trillion
Made in the UK – Sold to the World: New strategy sets challenge to boost exports to £1 trillion
- New export strategy kickstarts ‘Race to a Trillion’ as DIT publishes 12-point plan to help UK businesses hit £1 trillion in exports.
- International Trade Secretary backs raft of measures that will see more companies exporting more goods and services to more countries.
- Export Academy being rolled out to all parts of the UK to level up the country and help SMEs overcome common obstacles for first-time exporters.
The 12-point export strategy - published today (Wednesday 17 November) by the Department for International Trade - will give businesses the tools they need to become a nation of exporters and reap the benefits of our free trade deals.
It 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 London and the South East, to attend and promote their products around the world.
DIT will also be expanding its Export Academy – launched in October – to roll it out across all of the UK including Scotland, Wales and Northern Ireland. The academy will invite owners and managers of SMEs to access masterclasses, roundtables and networking events that help them overcome common challenges first-time exporters face.
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.
The 12-point strategy includes:
- Launching the ‘Made in the UK, Sold to the World’ campaign, championing the UK’s priority sectors through an innovative, localised marketing campaign that will promote the best of British goods and services in our towns and cities.
- The Export Support Service provides a single point of contact for exporters to Europe. Since launching in October the new export hotline and online service has helped hundreds of businesses to get exporting4.
- UK Export Academy expansion to offer SMEs in all parts of the UK, including Scotland, Wales and Northern Ireland the chance to learn how to navigate the technicalities of exporting and how to find new opportunities in overseas markets.
- A new UK Tradeshow Programme will be bigger and better targeted to give UK companies, especially SMEs, a leg-up to exhibit their first-class products at the world’s biggest tradeshows.
- UK Export Finance - our world-leading export credit agency - will expand its offer with new products and a wider delivery network that will make it easier for UK exporters to secure business from overseas buyers.
- Export Champions, ensuring businesses can build and learn from exporting successes through business-to-business networking and peer-to-peer learning
- Internationalisation Fund, open to SMEs in England, will aim to grow international sales, and has facilitated £4 million of support to SMEs attending Trade Fairs.
