One in three small firms trade oversees – either importing or exporting. This represents a serious contribution to the UK economy.
In an increasingly globalised business landscape, exporting offers many opportunities for small businesses to compete, grow and innovate. However, the proportion of small firms that export – one in five – has remained static for many years.
Our recent report – Destination Export: The small business export landscape – shows that finding customers, promoting products and dealing with exchange rates are the most common exporting challenges for small firms. Small firms are also held back by a lack of confidence or knowledge about where to go for support. Brexit presents an opportunity for the UK to negotiate new trade relationships with other countries. However, small businesses also face uncertainty over future access to the European market after the UK leaves the EU.
To support small businesses to be in the best position to capitalise on the trade opportunities presented by Brexit. This also includes ensuring any free trade agreements reflect the specific needs and potential of small businesses.
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Weekly Brief 12 - Friday 24 March 2017
Small Business Matters August 2016