David Warburton – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by David Warburton on 2016-01-26.

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to promote opportunities for businesses in the South West to access high growth markets abroad.

Anna Soubry

This financial year UK Trade & Investment (UKTI) has helped more than 800 South West (SW) businesses access new markets. UKTI’s Passport to Export programme provided intensive support to 170 companies entering new markets including high growth markets (HGMs) such as China and UAE.

A further 850 South West business delegates have attended business clinics and seminars promoting export opportunities including those in HGMs. During Export Week in November 2015, 233 business delegates had 787 one-to-one meetings with 69 visiting overseas Trade Officers at the ExploreExport event in Bristol.

Additionally, in December alone SW businesses responded to 116 Export Opportunities as part of the Exporting is Great campaign, including 25 in China. To date UKTI South West has issued 119 Market Visit Grants to businesses, 42 of which were to HGMs.

UKTI South West activity is supported by a High Impact in Growth Economies programme funded by the European Regional Development Fund. That programme has assisted forty South West SMEs to trade successfully in Brazil. Focused mainly on sectors with innovative high value products the programme is forecast to increase employment in the region by 260 jobs by 2017 as well as adding £100 million to South West export sales by 2020. UKTI South West aims to continue the programme by targeting further high growth markets over the next 3 years including Mexico, Cuba, Chile, China, India, Malaysia, Singapore and Brazil.