Commenting on the Government’s Export Strategy announced today David Slater, Director of Trade at KPMG said:
“Research shows that exporters tend to be more productive and competitive which helps drive wider economic growth. This is increasingly important as we prepare to leave the EU and we welcome a clearer strategy from the Government and package of measures to support businesses with their overseas growth plans.
“The Export Strategy is right to focus on the Encourage, Inform, Connect, Finance model as well as the concept of a business led approach, working with the private sector who bring both global networks and the practical expertise and capability to help exporters do business in their chosen markets. The private sector has a great deal to offer in helping businesses who are looking to expand, invest and export overseas.
“There is genuine appetite from SMEs and fast growing businesses to trade with new overseas markets in order to grow their businesses. In addition to any new trade deals that may take time to arrange, it is important the Government supports exporters around key areas such as finding the right partners in overseas territories, on-the-ground export advisors and funding support in order to feel confident in entering those new markets. It is also essential that the export strategy works at a local level, linking with regional plans for business growth via their industrial strategies, that are under development.
“The support on offer needs to be well signposted, easily accessed and most importantly – it needs to work! Hopefully the new platform will make finding the right partner or trade opportunity much easier for businesses looking to export.”
Notes to editors :
KPMG has produced a 60 page guide - Going Global https://home.kpmg.com/uk/en/home/insights/2017/11/developing-and-maintaining-a-global-business.html that details everything business of all sizes needs to know when considering exporting, investing and expanding overseas. Our EDGE model, developed in conjunction our wide and varied client base sets out simply the key steps required
• To Explore the opportunity across markets and to develop the entry strategy.
• To Develop the international footprint and solve new challenges.
• To Govern the international footprint across various regulatory regimes.
• To Evaluate the relative performance of the operations.
KPMG as a global firm in 122 countries ideally placed to help companies build their international business and supports a number of initiatives with DIT and keen to do more and regional initiatives such as the Mayor’s International Business Programme with London & Partners.
For media enquiries, please contact:
Emma Murray, KPMG Corporate Communications
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.