© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - New Export Guide to Help SMEs as They Plan to Grow Globally
Posted 4th March 2015

New Export Guide to Help SMEs as They Plan to Grow Globally

Small and Medium sized businesses (SMEs) are planning to increase exports by 5% in the year ahead.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

New Export Guide to Help SMEs as They Plan to Grow Globally
Image

New Export Guide to Help SMEs as They Plan to Grow Globally

Small and Medium sized businesses (SMEs) are planning to increase exports by 5% in the year ahead, compared to the national average of 4.3%. 

The findings from the ICAEW/Grant Thornton Business Confidence Monitor come as a new guide from ICAEW and UK Export Finance aims to help businesses compete in the global race with advice on export finance.

Exports currently account for a third of UK GDP with primary markets being the US, Germany, Netherlands and France. The rebalancing of the economy has yet to happen and the UK still exports more to the Netherlands than to China, India and Russia combined.*

Exporting companies are more productive than non-exporters and SMEs are particularly ambitious about the next twelve months.

Clive Lewis, ICAEW Head of Enterprise, said: ‘For many new or prospective exporters, the cost of researching and exploring overseas markets is burdensome. SMEs may not recoup the benefits of such investments in the short term and will therefore be deterred from trading internationally. This guide will help them but we also want to see an export incentive from Government in the future.’

Over two-thirds of SMEs who do export (64%) did experience significant barriers when entering new overseas markets. Finance is a particular issue and Competing in the Global Race: A Guide to Trade Finance and Credit Insurance explains a number of subjects including letters of credit, project finance and most importantly making sure businesses get paid.

Clive Lewis added: ‘Exporting companies are more productive than non-exporters, with 85% of current exporters saying that exporting led to a ‘level of growth not otherwise possible’. Such businesses achieve stronger growth and are more profitable. With tools such as this guide we hope that more will join companies of all sizes will join this elite group.’

Angela Potter, Head of Product & Digital, Commercial and Private Bank from RBS, added: ‘International trade offers exciting opportunities for UK businesses, but it can also bring challenges. This is where banks can play a crucial role. A UK-focused bank with an extensive international footprint will be able to provide a complete service for payment and cash needs. This will ensure that exporting goes smoothly and SMEs especially to grow.’

A copy of the guide can be found at icaew.com.

Categories: Leadership, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
7 Things To Consider For Getting Success In International Business
News
01/06/20227 Things To Consider For Getting Success In International Business

Global businesses come with many challenges but they don't weigh over the opportunity and benefits you can get once you enter this line and make yourself prominent. To achieve that goal, there are several things you can consider to make your business a huge su

Read Full PostRead - Eye Icon
VTech to Acquire LeapFrog Enterprises
M&A
05/02/2016VTech to Acquire LeapFrog Enterprises

VTech Holdings Limited, aleader in electronic learning products and cordless telephones,and LeapFrog Enterprises, Inc, a developer of educational entertainment for children, announces today that the two companies have entered into a merger agreement whereby VT

Read Full PostRead - Eye Icon
Bringing New Life to Life Science Businesses
Innovation
25/02/2022Bringing New Life to Life Science Businesses

Working hard to deliver expert consultancy services to the life sciences industry, LifeBee srl has made itself the ‘Most Innovative Digital Solutions Provider for Life Sciences’ in 2021 for Italy.

Read Full PostRead - Eye Icon
Accelerating New FinTech Products With Modular Front End Technology by Velmie
Innovation
20/01/2023Accelerating New FinTech Products With Modular Front End Technology by Velmie

Front end and UX always become a challenge and key success factor when building new tech products. In the FinTech space, it plays an even more important role considering high CAC costs and the average CLV metrics.

Read Full PostRead - Eye Icon
The Changing Face of Shipping
Legal
14/10/2015The Changing Face of Shipping

CDG is an English law firm based in the City of London and provides a range of services to the shipping and oil and gas sectors.

Read Full PostRead - Eye Icon
Essential eCommerce Features for Major Growth
Strategy
06/11/2020Essential eCommerce Features for Major Growth

With the right strategies, you can give your eCommerce business the best chance of success regardless of the circumstances. A mixture of customer loyalty, building a modern eCommerce website and focusing on long-term marketing efforts has proven to work for ot

Read Full PostRead - Eye Icon
Overall CEO of the Year, the USA
Innovation
01/04/2016Overall CEO of the Year, the USA

BROWZ is a software as a service (SaaS) solution provider of supply chain qualification and risk management. In today’s economic environment, most large organizations outsource work to contractors.

Read Full PostRead - Eye Icon
Understanding Restrictive Agreements
Legal
03/09/2019Understanding Restrictive Agreements

Section 59 of the Federal Competition and Consumer Protection Act, 2018 (“the Act”) prohibits agreements/ arrangements (“Agreements” or “Arrangements”) amongst undertakings (“Undertakings”) and decisions (“Decisions”) by associations of und

Read Full PostRead - Eye Icon
Global AI and Automation Excellence from India’s Finest Software Company
Innovation
08/01/2025Global AI and Automation Excellence from India’s Finest Software Company

HCLSoftware, an innovative global company, offers a business-focused automation solution that empowers enterprises with advanced, intelligent automation technology.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow