UKTI to be at the centre of a new approach to boosting British exports, and overseeing and co-ordinating export performance.
A new whole-of-government approach to boosting British exports delivered through a transformed, UK Trade and Investment (UKTI), focused on priority markets and sectors, has been announced today (19 January 2016) by Trade Minister Lord Maude.
UKTI will be at the centre of this new approach, overseeing and co-ordinating export performance on behalf of the cross-government Exports Implementation Taskforce, led by Business Secretary Sajid Javid.
o increase the number of exporters, UKTI is focusing on transforming its digital service, using new technology to meet the needs of more businesses and increase cost efficiencies. The 5-year Exporting is GREAT marketing campaign launched in November 2015 to drive up the number of new exporters is one part of this work, and has already generated more than 4,750 applications for export opportunities. In addition, having consulted UK businesses to find out what they need to help boost their exports, UKTIis now developing a single digital platform to help businesses find the export information, support, and advice they need, be it from government or private sector providers.
New Practical and Financial Support for Businesses: UKTI will develop a suite of new practical and direct support products and services, based on best practice and learning from competitor countries’ export promotion agencies. Over the coming months, UKTI will pilot these services and products to ensure they adequately reflect businesses’ needs.
Where export services can be provided by the private sector, with no or little value provided by government’s involvement, the government ultimately intends to exit that market and will focus instead on fostering an invigorated private sector export support marketplace.
UKTI will continue to provide a range of cross-sector support including enhanced support for trade missions and fairs, GREAT marketing and events, and access to on-demand export opportunities.
For the full announcement please click here