'Made in the UK, Sold to the World' plan to boost UK exports to £1 trn

18 Nov '21

1 min read

Pic: GOV.UK

The UK government recently launched a ‘Made in the UK, Sold to the World’ plan to help domestic businesses double exports and sell products around the globe. The 12-point export strategy by the department for international trade (DIT) will offer businesses the tools needed to become a nation of exporters and reap the benefits of the country’s free trade deals.

The strategy includes an Export Support Service that offers a one-stop shop for exporting advice, and the launch of a new UK Tradeshow Programme better-tailored to help businesses, particularly those outside London and the South East, to attend and promote their products around the world.

DIT will also be expanding its Export Academy—launched in October—to roll it out across all of the UK including Scotland, Wales and Northern Ireland. The academy will invite owners and managers of small and medium enterprises (SMEs) to access masterclasses, roundtables and networking events that help them overcome common challenges first-time exporters face, according to an official release.

The United Kingdom exported £600 billion in goods and services last year, but only around one in ten UK businesses currently export, with the number of goods exporters falling behind continental competitors like Germany, Denmark and the Netherlands.

Fibre2Fashion News Desk (DS)

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