A new platform has launched designed to help small businesses keen to export.
According to the BIS, the GREAT.gov.uk trade hub “Will act as a single digital destination for trade and investment, bringing together and connecting UK businesses, international buyers and international investors. Whether businesses are new, occasional or frequent exporters, they will be able to take advantage of the new suite of tools and exclusive deals on fees or commissions with some of world’s leading online marketplaces.”
International Trade Secretary Dr Liam Fox said, “Maximising the opportunities for international trade is not only in our best economic interests – it’s crucial to the UK’s future prosperity to ensure we’re building and maintaining an economy that works for everybody.
“We have always been at the forefront of the free trade-supporting countries in the EU, but despite this only around 11% of registered British businesses currently export beyond our borders.
“Some businesses have told us they don’t know where to start or how to make the next step onto the global marketplace. That’s why we want to support UK businesses large and small as they grow, and help them connect with global demand to fulfil our greatest economic ambitions.
“GREAT.gov.uk will show an international audience that we’re home to the most dynamic and innovative companies in the world and that Britain is open for business as never before.”
The site has been launched in part to encourage those SMEs who feel they wouldn’t have any luck finding a market for their products overseas to reconsider. According to Fox, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service mistakenly believe there isn’t a global demand for it.