Overcast

Overcast

max temp: 4°C

min temp: -2°C

Search

Suffolk: Chamber urges more of county’s firms to consider exporting

09:00 12 August 2014

John Dugmore, chief executive of Suffolk Chamber.

John Dugmore, chief executive of Suffolk Chamber.

Suffolk Chamber of Commerce is urging more businesses across the county to target potential export customers.

The appeal follows the publication of national research which suggests that half of all UK businesses have yet to consider expanding their offer overseas.

“This important national research means we are calling for two things,” said John Dugmore, chief executive of Suffolk Chamber. “Firstly, we are encouraging more Suffolk businesses to ‘look beyond our shores’ and secondly there needs to be increased support for both existing and potential exporters so the UK can fulfil its true potential as a leading export nation.”

The national report, published by the British Chambers of Commerce (BCC), of which Suffolk Chamber is an accredited member, examines the barriers facing existing and potential UK exporters, drawing on responses from more than 4,700 businesses.

“The results show that while the majority of firms have ambitions to grow domestically, less than half are looking to expand their business overseas,” said Mr Dugmore. “This suggests there is great potential for further exporting activity to deliver economic and employment growth across Suffolk and the UK.”

Only half of the businesses surveyed have ambitions to grow internationally which, the BCC believes, shows that the UK needs to do more to take the fear out of exporting and to create an environment that makes it worthwhile for them to export.

In growing current markets, access to distribution channels (30%) is of greatest concern but the impact of regulations of trade restrictions (27%) and language and cultural differences (20%) are also significant. These factors also feature in consideration of new export markets, but the influence of regulations is more significant (37%) which may reflect greater sensitivity to these issues in new markets.

BCC says it its report: “In today’s global marketplace, businesses often do not realise that for their goods and services, international opportunities could greatly exceed those on offer in domestic markets.

“This may be caused by lower competition in certain countries or simply heightened demand for a specific product/service. Although the UK economy is delivering growth, many businesses do not realise that exporting not only provides additional revenue, it can also diversify risk.

“By not exporting, businesses become dependent on the economic health of a single market. Being proactive about diversification insures businesses against poor economic conditions in one part of the globe. This is a great way to manage risk and become more profitable in the process.”

Mr Dugmore added: “The UK should be matching the level of resourcing dedicated to export support provided by our major international competitors.

“Government intervention must be more focused in areas that can really make a difference, such as providing greater access to finance to growing firms, particularly when a quarter of non-exporters say that increased funding would encourage them to export.”

1 comment

  • Yes, there will soon be another Foreign Export Market for Suffolk firms to explore !, Bonny Scotland !

    Report this comment

    freedomf

    Tuesday, August 12, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

A young man on a pushbike is reported to have approached a woman in Ipswich and asked for sex before grabbing her bottom and breasts.

A former drug addict has spoken about how an Ipswich rehab helped him combat an “insane” habit that took hold of him when he was just a teenager.

Suffolk was completely transformed this weekend - and again this morning - by the frosts that descended overnight.

Suffolk County Council is looking for two young people to co-host an awards ceremony shining a light on those who have gone the extra mile to improve education in the county.

Ed Sheeran has released the video for his “love song for Suffolk” - which was filmed in the county at the end of last year.

Throughout the years, Ipswich Town Football Club has been graced with a selection of legendary managers and a selection of forgettable ones. Do you know who was at the helm at Portman Road when Ipswich Town took on Crystal Palace in 1971?

A heavily-built man in an anorak and beanie hat is alleged to have “acted indecently” in view of a woman walking along a Suffolk riverside footpath.

Significant delays are reported on the A12 near Ipswich.

Britain will welcome the “brightest and the best” migrant workers to the region post-Brexit, the prime minister has said as she launches her 10-point industrial strategy

Two bypasses could be added to the A12 under widening plans set out by Highways England today.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24