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Baroness Fairhead calls on UK businesses to have their say as the Export Strategy Terms of Reference are published.

21 March 2018

 

UK exports increased 11.5% in the year to January 2018, while an estimated 300,000 potential UK exporters are still yet to sell overseas.

Businesses are being asked to reflect on the challenges they face that currently prevent them from exporting to foreign markets. They will also be asked about the specific needs of their sectors, as well as the current offer of support available to them.

Baroness Fairhead, Minister of State for Trade and Export Promotion, said:

Export support is a key way that the government can help businesses succeed and grow. The aim of the Export Strategy is to provide assistance which is effective, high quality and timely, allowing companies to achieve sustainable growth on the world stage.

Building on the foundations laid by the Industrial Strategy and our future trade policy, I am confident that with the vital contribution of British businesses – we can help take UK exports to the next level.

The latest figures from the Office of National Statistics show that demand for British goods and services rose to the end of January 2018. UK exports rose by 11.5% (£64.5 billion) in the month window to £625.9 billion, with the overall trade deficit narrowing by £12.8 billion in the process.

The Department for International Trade is soliciting answers from businesses to the following questions:

 

  1. How should government differentiate its support for different sizes of firm?
  2. How should government prioritise its support across different business sectors and overseas markets?
  3. How should government change its mix of products and services to help businesses achieve a sustained increase in exports?
  4. How should government work with regional and private sector export support to deliver a more joined-up offer for businesses?
  5. What should government do to increase capacity and capability in the private sector, particularly at a UK regional level?
  6. How should government charge for the services it offers?
  7. Do you have any other comments that you would like DIT to take into account?

 

Evidence will be taken until 18 April 2018 and should be submitted to:  DITExportStrategy@trade.gov.uk

 

 

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