International Trade

Published

Government export schemes “have not helped a single business”

1 Mins

The Export Refinancing scheme, worth £5bn, was expected to be up and running by the end of 2012, but is not yet operational, he said. 

Direct Lending, worth £1.5bn, has received just 15 enquiries and one application, according to answers to parliamentary questions tabled by Umunna. 

“Ministers promised an export-led recovery, but the truth is that they are badly letting down British business,” he said. 

“Scheme after scheme which were supposed to help more firms export have failed to have any impact whatsoever, and now we learn that two programmes which were announced to great fanfare two years ago haven’t helped a single firm.”

The news comes at the beginning of UKTI’s export week, a series of events aimed at getting businesses exporting. 

Image source

Share this story

The High Street needs to see a genuine footfall boost
Thousands of businesses take part in Export Week
Send this to a friend