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 GREAT.gov.uk 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.
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