Government launches new digital trade hub to help businesses tap into global markets

16 Nov 2016

The government has launched a new digital service to help businesses break into overseas markets and help them access millions of pounds worth of potential overseas business, give practical advice, and signpost support to help them win lucrative contracts.

The government’s existing E-exporting programme has assisted over 3,000 companies to become exporters and has delivered export deals totalling £388 million since 2014.

The GREAT.gov.uk trade hub for businesses, part of a programme to help a further 100,000 more UK businesses export by 2020, aims to give UK businesses secure preferential deals through the Department for International Trade to help them start exporting, as well as provide a brand new searchable export directory to match businesses according to the worldwide demand for different UK goods and services.

By registering, businesses will become part of a brand new searchable directory of UK exporters which government will use to match their products and services with worldwide demand.

Commenting on the launch of GREAT.gov.uk, International Trade Secretary Dr Liam Fox says: "Maximising the opportunities for international trade is not only in our best economic interests – it’s crucial to the UK’s future prosperity to ensure we’re building and maintaining an economy that works for everybody.

"We have always been at the forefront of the free trade-supporting countries in the EU, but despite this only around 11% of registered British businesses currently export beyond our borders.

"GREAT.gov.uk will show an international audience that we’re home to the most dynamic and innovative companies in the world and that Britain is open for business as never before."

At Beavis Morgan, we work with business across a range of industry sectors, assisting with their business growth plans, establishing the market for their product through research, analysing their financial requirements both now and for the future, and putting processes in place to enhance cashflow, leverage tax smart strategies, minimise risk and drive financial success and business performance.

To find out more about how we can assist, contact Steve Govey or your usual Beavis Morgan Partner.