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Small firms struggling to access export support

Figures from the Federation of Small Businesses show that 78 per cent of small businesses said they were struggling to access support. 

UKTI, the Government department responsible for international trade, offers advice, in-country services and the opportunity to exhibit at trade shows across the world. UK Export Finance offers export insurance, letter of credit guarantees, bond support and other financial support. 

A quarter (26 per cent) of those asked said they found finding overseas customers a challenge, but more than a third (36 per cent) said they expected the value of their exports to increase in the next three months. 

FSB chairman John Allan said: Our research shows that, despite best efforts, our members continue to be frustrated in their attempts to expand overseas. 

It is vital that UK’s small firms receive the right support, not just their medium-sized or larger counterparts, and that it is maintained for the long term.

The FSB’s Small Business Summit Day today will bring UK businesses together with potential clients from a range of overseas markets.

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