Firms receiving UK government export support increases by 50%Staff writer ▼ | October 21, 2014
The number of businesses receiving export support has increased by 50% in the last financial year, Trade Minister Lord Livingston announced.
47,960 businesses Trade Minister Lord Livingston announced:
The figures have been published as part of UKTI's annual Performance and Impact Monitoring Survey (PIMS) and show that the support was worth 49.1 billion to the UK economy in additional overseas sales as a direct result of the advice, which is expected to create or safeguard 220,000 jobs.
Companies receiving support related to the United States saw this biggest increase, 51% (4131 businesses), followed by China, 47% (2961 businesses), and Brazil, 38% (1415 businesses). Other countries included the UAE 28% (1824 businesses), Germany 24% (3413 businesses), France 19% (2199 businesses) and India 15% (2453 businesses).
It has also been announced today that UK food and drink exports now reach a record 150 countries, a year on from the launch of the UKTI and Defra action plan for the sector. The UK government has helped 2,500 food and drink businesses sell their produce abroad in the last 12 months – more firms than ever before - generating 300 million pounds for the UK economy as part of the long-term economic plan. ■