Of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service mistakenly believe there isn’t a global demand for it.
The government’s new digital trade hub is part of a push to help 100,000 UK businesses export by 2020, taking advantage of the global appetite for UK goods and services.
The new platform offers UK businesses secure preferential deals through the Department for International Trade to help them start exporting. It also gives businesses access to a brand new searchable export directory to match businesses according to the worldwide demand for different UK goods and services.
The site is designed to act as a single digital destination for trade and investment, bringing together and connecting UK businesses, international buyers and international investors. Whether businesses are new, occasional or frequent exporters, they will be able to take advantage of the new suite of tools and exclusive deals on fees or commissions with some of world’s leading online marketplaces.
By registering, businesses can become part of a brand new searchable directory of UK exporters which the government will use to match their products and services with worldwide demand.
International Trade Secretary Dr Liam Fox said “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. Some businesses have told us they don’t know where to start or how to make the next step onto the global marketplace. That’s why we want to support UK businesses large and small as they grow, and help them connect with global demand to fulfil our greatest economic ambitions.”
Through e-exporting alone government intends to deliver an additional 20,000 online exporters and £2 billion worth of value to the UK economy by 2020.