Overcast

Overcast

max temp: 23°C

min temp: 16°C

Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

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

The snake captured by residents in St John's Road, Ipswich.

Brave neighbours came to the aid of a father and his three young daughters who were left stunned when they discovered an exotic-looking snake coiled in their back garden.

Sandcastle building at Southwold

What are we doing today? The summer holidays are here and to help parents in Suffolk we are offering a guide to 12 days out on the Suffolk coast that won’t cost a penny.

Virginina McKenna and Sophie Neville on Peel Island in the 1974 Swallows and Amazons film.

A new Swallows and Amazons film, based on Arthur Ransome’s children’s outdoor adventure tale, is due for release on August 19. But how will it measure up to the 1974 original?

Three quizzed

Police have quizzed three men following allegations that a referee was kicked, spat at and jostled during a stormy Ipswich Sunday morning football league match.

Lois Cordelia painting Pig-geswyk at the La Tour Cycle Cafe in Ipswich.

An Ipswich artist whose design made it into the Pigs Gone Wild art trail has said the project is great for promoting homegrown talent.

Voters at Whiting Street EU polling station, Bury St Edmunds.

Around 7% of people who voted for Brexit in Suffolk and north-east Essex now regret their decision, a poll by this newspaper has found.

The A11 in Thetford.

A motorcyclist is believed to have come off his vehicle on the A11 as a result of spilt treacle on the road.

The SPD says St Nicholas Street is a well managed traditional shopping street with historic shop fronts.

Let’s make the most of the beautiful buildings in Ipswich town centre. That is the message to retailers and other businesses amid concerns that some shop fronts don’t reflect the traditional character of the buildings they occupy.

Ipswich Hospital

Missed appointments at the region’s three main hospitals have cost the taxpayer almost £30million in the last three years, we can today reveal.

Wayne Savage interviews Olly Murs on his bus during a visit to Anglia Radio in Great Blakenham.

Swanky tour bus, screaming fans; I could get used to this, writes Wayne Savage. Yes, it was Olly Murs’ bus and him they were screaming for but a boy can dream.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24