Asked by: Pippa Heylings (Liberal Democrat - South Cambridgeshire)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support businesses which export bicycles.
Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)
Under the umbrella of the recently announced Business Growth Service, UK businesses can access DBT’s wealth of export support via Great.gov.uk. This comprises an online support offer and a wider network of support including the Export Academy, UK Export Finance, the International Markets network and one-to-one support from International Trade Advisers.
This support is available to all UK businesses including those that sell and wish to export bicycles.
Asked by: Pippa Heylings (Liberal Democrat - South Cambridgeshire)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether his Department has made a recent assessment of the condition of the UK cycling industry.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
No formal assessment has been completed; however, the Department has engaged with key industry brands on issues and will continue to do so moving forward. The industry has recently faced significant headwinds, impacting growth and profitability. Despite this, the industry is stabilising with some retailers reporting positive financial performance. There are signs of recovery and potential growth in key high-demand areas such as Road, Gravel, and Electric Mountain Bikes.