© 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
Leading the New Frontier of Private Investment Management
Finance
05/08/2022Leading the New Frontier of Private Investment Management

Industry FinTech, the ‘Best Fund Administration’ for 2022 in Florida, has made a name for itself across the United States of America with its front-running, highly technologically enabled, and legally compliant services.

Read Full PostRead - Eye Icon
How AI Impacts Mergers And Acquisitions
M&A
12/05/2023How AI Impacts Mergers And Acquisitions

In the fast-changing world of business, mergers and acquisitions (M&A) have become a crucial tool for growth and competitive advantage. As technology advances, artificial intelligence (AI) is playing an increasingly significant role in shaping the M&A landscap

Read Full PostRead - Eye Icon
Cybersecurity Strategy In 2024: How Can AI Improve It?
News
17/11/2023Cybersecurity Strategy In 2024: How Can AI Improve It?

Making sure that you’re safe and secure online has become a priority, not only for businesses but for people in their daily lives. When you’re looking into cybersecurity strategies, counting on AI as a powerful tool is the way to go. Research indic

Read Full PostRead - Eye Icon
Key to Success – Lithia Motors Acquires DCH Auto Group
M&A
12/03/2015Key to Success – Lithia Motors Acquires DCH Auto Group

In October 2014, Lithia Motors, Inc. announced that it had completed the purchase of DCH Auto Group Inc., one of the 10 largest dealer groups in the US.

Read Full PostRead - Eye Icon
Solana: The Rising Star Paving the Way for Bitcoin’s Evolution
Finance
15/08/2023Solana: The Rising Star Paving the Way for Bitcoin’s Evolution

In the vast and dynamic realm of cryptocurrencies, one project has been gaining significant attention and acclaim: Solana. With its exceptional scalability and innovative features, Solana has emerged as a rising star in the crypto space.

Read Full PostRead - Eye Icon
Competent, Professional & Multidisciplinary
Finance
07/12/2016Competent, Professional & Multidisciplinary

YUASA and HARA is a multidisciplinary firm combining legal, IP prosecution and accounting/tax services.

Read Full PostRead - Eye Icon
How To Protect Your Business from Modern Threats
Innovation
25/11/2022How To Protect Your Business from Modern Threats

The dangers facing businesses are ever evolving and becoming more and more deadly as times goes on. As many blessings has technology has brought, it has brought with it an element of malice for those intending to use it for the wrong purpose.

Read Full PostRead - Eye Icon
Looking For Your Next Career Step as a Nurse Practitioner?
News
24/05/2023Looking For Your Next Career Step as a Nurse Practitioner?

After the Covid-19 pandemic, it’s become clearer than ever that medical professionals are the backbone of our society, whether we’re in the middle of a national health crisis or not.

Read Full PostRead - Eye Icon
Investment Management of the Future
News
20/06/2023Investment Management of the Future

EXtrance is revolutionising the real estate fund sector with state-of-the-art technology. The company was founded in 2020 by real estate investment expert, William Lively.



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