As the Government launches a Made in the UK, Sold to the World strategy to boost exports to £1 trillion, Dorset Business Mentors are urging businesses to embrace a mentor.
The new export strategy kickstarts ‘Race to a Trillion’ as DIT publishes 12-point plan to help UK businesses hit £1 trillion in exports and Dorset Business Mentors are ready to support Dorset businesses wishing to expand globally. With around 130 mentors, many who have expertise in growth worldwide, they are encouraging anyone looking to export to explore working with a mentor with experience and knowledge.
The Government has launched an ambitious new ‘Made in the UK, Sold to the World’ plan to help businesses across the UK double exports and sell their world-class products around the globe.
The 12-point export strategy – published by the Department for International Trade – will give businesses the tools they need to become a nation of exporters and reap the benefits of our free trade deals.
The UK exported £600 billion in goods and services last year, but only around one in ten GB businesses currently export – with the number of goods exporters falling behind continental competitors like Germany, Denmark and the Netherlands.
Unlocking the UK’s exporting potential will help level up the country and boost the UK’s economy, with government commissioned research estimating that exports supported 6.5 million jobs across the UK in 2016, and showing that exporters pay higher wages. Separate analysis shows that goods exporting businesses are on average 21 percent more productive.
Alistair Bayliss of Dorset Business Mentors, said:
Dorset has a great exporting heritage and many of our mentors have direct experience of working internationally. We want to encourage business leaders to consider the benefits of having a mentor to guide and support them in to new markets. We understand businesses are at different points on their exporting journey. Some will be already exporting but looking to maximise the opportunities, while other will see this initiative as an opportunity to take the leap for the first time.
The Government 12-point strategy includes:
Launching the ‘Made in the UK, Sold to the World’ campaign, championing the UK’s priority sectors through an innovative, localised marketing campaign that will promote the best of British goods and services in our towns and cities.
The Export Support Service provides a single point of contact for exporters to Europe. Since launching in October the new export hotline and online service has helped hundreds of businesses to get exporting (4).
UK Export Academy expansion to offer SMEs in all parts of the UK, including Scotland, Wales and Northern Ireland the chance to learn how to navigate the technicalities of exporting and how to find new opportunities in overseas markets.
A new UK Tradeshow Programme will be bigger and better targeted to give UK companies, especially SMEs, a leg-up to exhibit their first-class products at the world’s biggest tradeshows.
UK Export Finance – our world-leading export credit agency – will expand its offer with new products and a wider delivery network that will make it easier for UK exporters to secure business from overseas buyers.
Export Champions, ensuring businesses can build and learn from exporting successes through business-to-business networking and peer-to-peer learning
Internationalisation Fund, open to SMEs in England, will aim to grow international sales, and has facilitated £4 million of support to SMEs attending Trade Fairs.
Dorset Business Mentors have access to over 130 business mentors many who have experience in international trade, contact us; 01305 221268 or www.dorsetbusinessmentors.uk