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Kim Hayward, international liaison partner at BDO, once suggested that the UK’s global export share fell by nearly 50 per cent in the last 30 years. He said: “Just over five per cent of our exports are to the BRIC countries and we still export more to Ireland than to China. Clearly, the journey that UK businesses could, and should, undertake goes beyond the traditional notion of exporting or selling abroad. “But there are currently two barriers at play for MSBs: knowledge and support, including financial. MSBs need active help to understand their potential for international success and support to implement their plans.” But with their contribution set to grow to an estimated £50bn by 2020, helping MSBs export has never been as important. Indeed, encouraging more MSBs to “spread their wings” has been a vital part of the government’s long-term economic plan to create jobs and reduce the deficit. And with UK Trade and Investment (UKTI) Lord Livingston suggesting that MSBs could “be the driving force of the UK economy”, it’s nice to see the sector receiving increased government support. In 2014 he wrote to all MSBs asking if they needed help from UKTI, with a target set in mind. The number of UK businesses succeeding on a global scale rose from 1,000 to 3,000 in the past year. Read more about exports:- Non-EU exports fall 7% year-on-year
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