Oral Answers to Questions

Antony Higginbotham Excerpts

Thursday 15th April 2021 Commons Chamber

[Elizabeth Truss]

The UK is a country that follows the rules. We have very high standards in areas like the environment, animal welfare, food standards and intellectual property. It is in our interests to be in an agreement with high standards, so that we can ask the same of other countries and get access to their markets. That is the point of signing trade agreements.

[Antony Higginbotham (Burnley) (Con)]

As we follow the covid-19 road map and move from response to recovery, it is vital that we offer our small and medium-sized businesses the tools and support that they need to find new markets, grow their exports and spur on our economic growth. Will the Minister set out what steps the Department is taking to make sure that our SMEs are supported on the world stage?

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

My hon. Friend is quite right to highlight the importance of supporting SMEs precisely to get into that international business space. That is why we are developing a new export strategy. We have the developing Export Academy, with a range of toolkits and information to support small businesses. We have the internationalisation fund: £38 million of grants to help businesses to overcome any barriers to international trade. Last but not least, we have UK Export Finance, our award-winning credit agency, which has increasing numbers of staff not only across this United Kingdom, but across the world to make sure that SMEs, wherever they go, can be financed and supported to realise those opportunities, which are many.