 |
 |
 |
|
|
Small manufacturers reveal optimism at "export-led recovery"Small and medium-sized businesses have reported an increase in export orders, the latest industry trends survey has revealed. The Confederation of British Industry's (CBI) quarterly SME Trends Survey reveals that 27% of respondents said their volume of export orders rose in the three months up to January 2010. The survey results have come just after the House of Commons Business, Innovation and Skills Committee published the 'Exporting out of Recession' report, which recommends that the Government must do all it can to support "businesses' engagement in international trade". The report also highlights the lack of trade credit, which has made it difficult for firms to get the finance they need to export. It recommends that the Export Credit Guarantee Department should supply firms with short-term credit in order to encourage exporting. Julian Hunt, director of communications at the Food and Drink Federation (FDF) said: "This report is a timely reminder of the value of exports to the overall economic recovery. We also agree that the Government's decision not to provide short-term credit for exporters is a missed opportunity." Rachel Bridge, enterprise editor for The Sunday Times, told BAD News: "It's especially great news about the exporting, many small businesses don't think about exporting. The weak pound is a huge benefit and it's a good area for small firms to look at." Ms Bridge also recommended exporting as an option which small firms should consider. She said: "Many small businesses think they're too small to consider exporting, but I would say that a business doesn't have to be big, just organised. It's best to target one market at a time." To read the full results of the CBI's SME Trends Survey go to: To read the full 'Exporting Out of Recession' report go to: Add a comment:Comments:There are currently no comments on this article
|
TODAY: 1 August 2010 'Unplugged' categoriesBetter Business magazine
Cobweb's top seller
|
