Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 9°C

ESTD 1874 Search

Suffolk: Chamber urges more of county’s firms to consider exporting

09:00 12 August 2014

John Dugmore, chief executive of Suffolk Chamber.

John Dugmore, chief executive of Suffolk Chamber.

Suffolk Chamber of Commerce is urging more businesses across the county to target potential export customers.

The appeal follows the publication of national research which suggests that half of all UK businesses have yet to consider expanding their offer overseas.

“This important national research means we are calling for two things,” said John Dugmore, chief executive of Suffolk Chamber. “Firstly, we are encouraging more Suffolk businesses to ‘look beyond our shores’ and secondly there needs to be increased support for both existing and potential exporters so the UK can fulfil its true potential as a leading export nation.”

The national report, published by the British Chambers of Commerce (BCC), of which Suffolk Chamber is an accredited member, examines the barriers facing existing and potential UK exporters, drawing on responses from more than 4,700 businesses.

“The results show that while the majority of firms have ambitions to grow domestically, less than half are looking to expand their business overseas,” said Mr Dugmore. “This suggests there is great potential for further exporting activity to deliver economic and employment growth across Suffolk and the UK.”

Only half of the businesses surveyed have ambitions to grow internationally which, the BCC believes, shows that the UK needs to do more to take the fear out of exporting and to create an environment that makes it worthwhile for them to export.

In growing current markets, access to distribution channels (30%) is of greatest concern but the impact of regulations of trade restrictions (27%) and language and cultural differences (20%) are also significant. These factors also feature in consideration of new export markets, but the influence of regulations is more significant (37%) which may reflect greater sensitivity to these issues in new markets.

BCC says it its report: “In today’s global marketplace, businesses often do not realise that for their goods and services, international opportunities could greatly exceed those on offer in domestic markets.

“This may be caused by lower competition in certain countries or simply heightened demand for a specific product/service. Although the UK economy is delivering growth, many businesses do not realise that exporting not only provides additional revenue, it can also diversify risk.

“By not exporting, businesses become dependent on the economic health of a single market. Being proactive about diversification insures businesses against poor economic conditions in one part of the globe. This is a great way to manage risk and become more profitable in the process.”

Mr Dugmore added: “The UK should be matching the level of resourcing dedicated to export support provided by our major international competitors.

“Government intervention must be more focused in areas that can really make a difference, such as providing greater access to finance to growing firms, particularly when a quarter of non-exporters say that increased funding would encourage them to export.”

Search hundreds of local jobs at Jobs24

1 comment

  • Yes, there will soon be another Foreign Export Market for Suffolk firms to explore !, Bonny Scotland !

    Report this comment


    Tuesday, August 12, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Adnams Bitter pairs well with roast meats.

The finance boss of East Anglian brewer Adnams has urged MPs to consider if “over-generous” pension promises which could bring companies to their knees could be watered down or reversed.

The Lloyds Bank School for Social Entrepreneurs graduates.

Seventeen entrepreneurs from School for Social Entrepreneurs East, at Ipswich Waterfront have graduated from Lloyds Bank Social Entrepreneurs Programme

Students at the Suffolk Skills Show, held at Trinity Park, Ipswich.
Photo: Keith Mindham

More than 4,000 young people attended the Suffolk Skills Show at Trinity Park in Ipswich yesterday, getting an insight into the huge range of careers available with local employers.

General view of a Travis Perkins branch.
Photo: Rui Vieira/PA Wire

Builders’ merchant group Travis Perkins has revealed plans to close more than 30 branches in a move affecting 600 jobs across the company.

Phil Hall is a new tax partner at BDO in Ipswich.

There has been a lot of positive news coming from BDO over the past few weeks.

The accountancy, tax and business advisory firm, which saw new managing partner Paul Eagland take up position earlier this month, also announced a double digit growth in profits, citing its investment in talent and technology as key drivers.


Show Job Lists

Most read

Most commented

Topic pages


Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24