The group’s quarterly business index found that a net balance of 24 per cent of its members expects exports to rise in the next three months.
FSB chief John Allan said: “Small businesses will have a major part to play if the Government is to meet its challenging targets for 100,000 new exporters and to double the value of exports by 2020.” The FSB says it wants to see a greater focus from UKTI , the government department responsible for boosting exports, on micro- and small businesses. Recent FSB research found that the greatest barriers to exporting were fluctuating exchange rates (35 per cent), finding customers (24 per cent) and a lack of working capital (23 per cent). Allan added; “The UK’s export strategy must focus on matching a company’s export potential to the right overseas market. The majority of our members still export to the eurozone but are increasingly looking to other dynamic markets such as China for opportunities.” Manufacturers were found to be the sector most likely to be exporting (42 per cent) followed by wholesalers (41 per cent) and R&D companies (36 per cent). Image source
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.