Bulletin

Double the number of SMEs looking to expand internationally

The 2014 Business Growth survey by Santander Corporate & Commercial found that 6% of all SMEs surveyed said that international expansion was the ultimate aim for their business, double the 3% figure recorded in 2013 and in 2012. The latest Business Growth survey also found that 22% of firms targeting an annual turnover of more than £5m are aiming to become international businesses. However, this year's survey also revealed that 26% of firms looking to expand overseas do not have a website, while 57% do not have capacity to accept online payments. Santander is launching a new package of non-financial support as part of its commitment to help 5,000 more businesses expand internationally in 2015. Businesses will be able to access Santander's new Breakthrough Moments Box pop-up business surgery. In June 2014, Santander announced the launch of the Trade Club, an online global community open to more than 5m SME and corporate Santander clients. Marcelino Castrillo, managing director of SME Banking at Santander, said: 'With our global reach, Santander is committed to helping UK businesses to maximise international trading opportunities as we believe that exporting and expansion should be a core part of many SME business plans...'.

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