Internationalisation boosts growth
Businesses selling overseas are performing strongly: 52% of UK firms with international sales saw their performance improve last year, chiefly because they acquired new clients.
Many businesses have a global focus. While 79% of businesses with international sales are selling to customers in the eurozone, North America (58%) and the Asia Pacific region (51%) are important trading partners too.
Focused on key management challenges
The need to build the right team to trade successfully in international markets is the single biggest management challenge for businesses (35%).
Challenges such as the need to maintain profit (32%) and the threat posed by competitors (24%) also remain pressing, but fewer businesses (17%) are concerned about the difficulty of accessing finance.