Banks help increase UK SME exporters

posted by 3 years ago in News
Banks help increase UK SME exporters

Due to the recent positive light in Sterling and the shaken view of the Brexit, the conditions of the market have seen the light at the end of the tunnel which is highlighting the best time for SMEs in the UK to export according to research conducted by Barclays Bank.

Barclays are set to help boost the numbers of exporters whether they are current or new by the end of the decade with the help of new partner, UK Trade and Investment – also referred to as UKTI.

The plans set are chasing the 3% increase found at the start of 2016 when Barclays helped SMEs grow. Within the first half of the year approximately 12,000 SMEs were assisted by Barclays when exporting produce across seas.

Barclays is now planning to present further help to SMEs, Head of Barclays International Steve Childs explained that it is a “great time” for SMEs to begin or continue exporting with a “wealth of opportunities” for products and services within the UK.

Childs continued;

“While there are challenges for businesses that import, these are equalled, if not outweighed, by the possibilities that arise from exporting.”

Head of finance, Laura Thomas comments;

“It is extremely positive to see commitment from a high street bank to growing the export market for SMEs and I hope that other banks and lenders follow suit. Exporting is a huge market for the UK but Brexit has caused much nervousness.  If UK high street banks, challenger banks and lenders can all join together to develop, grow and drive the export market forward the whole country will benefit.”