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10 May 2016

Small business exporters need more support

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.