FSB National Chairman Mike Cherry has called for targeted support from the Government, the private sector, finance industry and business organisations to help more than a million small firms and start-ups embrace exporting for the first time.
Speaking at ‘Destination Export – Small Businesses as Strategic Exporters,’ FSB’s headline event at this summer’s International Business Festival 2018 in Liverpool, Mr Cherry referenced FSB research that shows the number of small businesses currently exporting – one in five - is matched by those that would consider it in order to grow their businesses.
“This points to the huge potential to double the number of small business exporters,” he said. “We could have over a million more small business exporters if we got it right. The challenge is how.
“We need all of us - Government, the private sector, the finance industry and business organisations and associations, including FSB, to focus on providing effective targeted and tailored support to help businesses export and to support them when they do, but in ways that support them and not a ‘top down approach.’
“We know that small firms who export are more likely to survive, to grow and to innovate.
“Our members who export are clear about the benefits – placing access to more customers, increased turnover and increased profitability as the three major benefits of exporting.
“Less tangible, but highly valued, are benefits to do with improved reputation, credibility and profile - half of all exporters benefit in this way from selling.”