Royston Smith – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Royston Smith on 2016-03-04.

To ask the Secretary of State for Business, Innovation and Skills, what proportion of his Department’s 2015-16 budget is allocated to (a) creating and (b) accessing new markets for trade and growth.

Anna Soubry

Increasing trade and growth through exports, to all overseas markets, is a key factor in the Government’s long-term economic plan. Government departments are working together to support UK businesses looking to take advantage of overseas opportunities and to create a strong business environment that allows them to flourish both at home and overseas. A key part of this work is to identify export opportunities, many of which are based around the needs of new high-growth and emerging markets.

UK Trade & Investment (UKTI) is at the heart of this work and the budget allocation for this activity will be set out in the UKTI Annual Report and Accounts 2015/16.