The latest UK trade figures from the Office of National Statistics (ONS) show the deficit in the first quarter of 2016 stood at £13.3 billion. We have not seen a quarterly trade deficit of this size since the early days of the financial crisis. The Government has a real challenge ahead if it hopes to meet its target to increase the value of exports to £1 trillion and support 100,000 new exporters by 2020. Small businesses can make a significant contribution to this target but they need tailored support. We will be urgently discussing how to make funding and support more effective for small firms looking to export with new minister Lord Price. Read the full press release. You may also like 16 July 2018 New Ministers clear diaries to meet with FSB 06 July 2018 Summer of sport provides small business boost 03 July 2018 Can the World Cup boost sales and team spirit? 06 April 2017 Local regulation shouldn’t mean a postcode lottery for small firms 30 June 2016 Government failure over airport capacity leaves business grounded 31 March 2016 What 4 things should the next Scottish Government do to get Scotland into the digital fast lane?