Regional cities are doing more and more business overseas as exporting confidence spreads to small businesses across the UK, creating a slew of lesser known export epicentres.
According to the new UK Export Epicentres Report by FedEx Express, Bradford is leading the charge with an 86 per cent export rate. Over three quarters of small businesses in Leicester, Oxford and Leeds are trading at higher levels than the likes of Manchester and London.
Some 79 per cent of small businesses actually view their regional locality as a positive factor in stimulating overseas growth and profitability. But more of a third did add that they require more support on a local level boost foreign trade.
“Now is the time to encourage UK SMEs to embrace their regional identities when building global relationships,” says FedEx Express vice president for operations in northern Europe Trevor Hoyle
“Although challenges still remain for some companies in doing business abroad, they can be overcome by having access to the right support, expertise and network,” he added.
Some 94 per cent of small businesses feel optimistic about the year ahead, with 8 in 10 expecting their export sales to increase.