According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service mistakenly believe there isn’t a global demand for it.
The government’s existing e-exporting programme has assisted over 3,000 companies to become exporters and has delivered export deals totalling £388 million since 2014.
The new digital trade hub is part of a push to help a further 100,000 more UK businesses export by 2020. Through e-exporting alone government intends to deliver an additional 20,000 online exporters and £2 billion worth of value to the UK economy by 2020.
Launching the online portal, International Trade Secretary, Dr Liam Fox, said: “GREAT.gov.uk will show an international audience that we’re home to the most dynamic and innovative companies in the world and that Britain is open for business as never before.”
The site will act as a single digital destination for trade and investment, bringing together and connecting UK businesses, international buyers and international investors.
Whether businesses are new, occasional or frequent exporters, they will be able to take advantage of the new suite of tools and exclusive deals on fees or commissions with some of the world’s leading online marketplaces.
By registering, businesses will become part of a brand new searchable directory of UK exporters which government will use to match their products and services with worldwide demand.
Santander is proud to support the Government’s ‘Exporting is GREAT’ campaign, which is dedicated to helping UK businesses trade goods and services overseas. Find out more at http://GREAT.gov.uk.
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