Accessing finance to expand internationally is a key concern for SMEs; the CBI has been discussing with members what options are available for those looking to reach new markets
09 Oct 2020, 3 min read
As part of our ongoing work with SMEs across the country, the CBI recently held a member discussion considering what options and support were available for SMEs looking to expand internationally, by exporting their good and services to new markets.
As the UK embarks on a new trading regimen, the ability for firms of all sizes and sectors to branch into exports is an issue of critical concern. To that end, the Department for Trade and UK Export Finance worked with the CBI to convene the discussion. The focus was on introducing the services and support available from the Department for Trade and UK Export Finance, and to allow members to feed back their experience.
Key feedback from members included:
- One challenge to expanding their business internationally comes from the growing trend of export credit insurance becoming much more expensive
- The government needs to create interventions to fill the gaps left by private sector c
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