Small Businesses: Exports

(asked on 30th March 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether he plans to increase the proportion of exports from small and medium-sized business.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 17th April 2023

The UK’s 5.4 million SMEs are at the centre of our ambition to reach £1 trillion in exports annually by 2030. Our Export Strategy, ‘Made in the UK, Sold to the World’ focuses on the barriers SMEs face, helping them at every stage of exporting.

Additionally, we offer SMEs a range of support services. Including ‘Help to Grow,’ which is a unique new proposition from the Department, targeted at helping SMEs from start-ups to scaling-up then exporting across the globe, and The British Business Bank has provided over £12.2bn of finance to over 96,000 small businesses including over 100,000 Start Up loans since 2012.

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