Britain\u2019s small business community is calling for greater support to develop its international trade.<\/p>\n
Almost three quarters of SMEs who have ambitions to trade with countries overseas have admitted they feel they are held back by a lack of knowledge about what is involved.<\/p>\n
Common obstacles included scant understanding of local markets and difficulties unpicking the often intimidating set of requirements.<\/p>\n
More than 1,000 small and medium-sized firms were interviewed by HSBC for their new study, entitled Exporting for Growth: The SME Perspective.<\/p>\n
Of those who participated in the questionnaire, some were already exporting goods overseas, while others were weighing up their options.<\/p>\n
Mark Emmerson, HSBC\u2019s head of global trade and receivables finance UK, said that it was unfortunate that businesses with clear ambitions often felt put off by a lack of understanding.<\/p>\n
\u201cBusinesses\u00a0often feel the resources they need can be hard to find. Encouraging exports is a win-win for the British economy and its small businesses, so we must work together to help support SMEs take their businesses global,\u201d he said.<\/p>\n
\u201cIn fact, there is a clear need for government, banks and businesses to do more to give SMEs the bespoke support they need to flourish globally.\u201d<\/p>\n
HSBC said that ministers and senior figures in the financial sector needed to do more to consider SMEs when conducting trade negotiations and also share best practice.<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain\u2019s small business community is calling for greater support to develop its international trade.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1579"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1579"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1579\/revisions"}],"predecessor-version":[{"id":1580,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1579\/revisions\/1580"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}