Businesses that export grow twice as fast as those that do not

Research by Capital Economics for UK Export Finance shows that companies with only domestic customers grow less than those that export abroad With growing demand from overseas for British goods and services, UK companies should be capitalising on the opportunity to export. This is particularly the case with small to medium enterprises (SMEs) – the research shows that those which export outperform those which do not. Out of more than

Currency risk biggest headache for small importers and exporters following EU vote

More than two-thirds of UK SMEs trading in foreign currencies say that they have been financially disadvantaged due to currency volatility sparked by the EU referendum, according to a new study by leading SME partner, Bibby Financial Services (BFS). Findings of the ‘SMEs and International Trade’ report reveal that 67 per cent of businesses with foreign exchange requirements say they have been adversely affected by currency volatility in the past

EBRD and IOE kick off worldwide export training programme for SMEs

The European Bank for Reconstruction and Development (EBRD) has awarded the IOE a high-profile contract to equip its business support consultants with the skills to help SMEs to realise their international trading ambitions. EBRD’s ambitious Export Strategy Development and Training initiative is initially being rolled out across Central Asia. The IOE’s instrumental role is to give consultants the knowledge and skills to help local companies they are working with to

Open to Export further accelerates the ambitions of SMEs

Government backed initiative Open to Export is further accelerating the ambitions of SMEs who are seeking to export via a new online service that produces a focused Export Action Plan to steer them in the right direction. The Export Action Plan is the latest addition to the Open to Export’s online offering, which is dedicated to helping UK businesses prepare to sell overseas by giving them free access to online