Entrepreneurs starting out 2017 with ambitious thoughts might want to think about having a crack at the US market, which is more accessible than ever for business travellers as Real Business discovered.
The founder of SuperGroup, Julian Dunkerton, has designs on China's $351bn fashion market.
Indian-born entrepreneur Lord Bilimoria has supported the government's efforts to provide more support for UK businesses looking to export with China, but believes India is a better bet.
Despite making up just 0.5 per cent of UK businesses, medium-sized businesses (MSBs) account for a fifth of employment and 25 per cent of UK turnover. In 2013 it was believed that a disturbing gap in export finance was shackling the international ambitions of MSBs and could damage the UK economy’s long-term prospects. This pattern seems to have shifted.
Research compiled by UK Trade & Investment (UKTI) has revealed that starting your own business is seen as the most desirable career path for today’s youth.
Chinese-speaking students are working with small businesses to provide language skills and cultural knowledge and help them break into the Chinese market.
The number of mid-sized companies receiving UKTI support to sell overseas has doubled in just seven months, according to the government.
The number of businesses receiving export support has increased by 50 per cent in the last financial year.
Earlier in the year UK Trade and Investment quietly removed the funding element of its popular Passport to Export scheme, which helps small businesses expand overseas.
EEF and UK Trade & Investment (UKTI) have signed an agreement to “collaborate on the promotion of export services to manufacturing and engineering companies across the UK."
Lloyds Bank has suggested that Britain's mid-sized businesses are being too conservative in their attitude towards exporting
Despite a continuing push to make Government services more accessible, many small businesses are struggling to access export support schemes, according to a survey published today.