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Businesses are being urged to apply for large grants to help complete customs declarations. Offered by HMRC, there are three grants available designed to help the recruitment, IT and technical requirements that companies will face when completing customs declarations and processes. There is also funding available for customs intermediaries for the hiring of new staff
The Department for International Trade has this month launched two new digital tools to support businesses exporting goods in and out of the UK. The tools, available on the gov.uk website, explain product and country-specific details regarding tariffs and regulations. Pooling this information into one online location is designed to make it easier for businesses
Whilst for large and enterprise organisations, Brexit has dominated the list of top headaches for over three years, for small businesses, other challenges are deemed far more pressing. That’s according to a new report from Clearwater International, titled Growth Europe, which surveyed some 2,100 small and medium-sized businesses across Western Europe. Of those firms questioned,
Two years ago, the United Nations warned that the planet had just 12 years to limit climate change catastrophe. Now, as 2020 gets into full swing, the latest UN report suggests little progress has been made. In fact, it’s getting worse. A study by the Climate Accountability Institute highlighted the effect that some businesses are
Data from the Office for National Statistics have shown how UK firms have been capitalising on opportunities outside of the European Union over the last 18 months. The figures show that in the year to September 2019, EU exports grew by 1.3% to just under £300 billion. Non-EU exports, however, grew 6.3% to £373.7 billion
The confidence levels of UK businesses are slowly starting to rise after three years of political uncertainty – though investment caution remains. The resounding majority delivered to Boris Johnson in the general election caused a sharp increase in directors’ confidence in both their own firms and the economy at large. The Institue of Directors reported
There have been numerous ways in which businesses have looked to prepare for Brexit. For some, setting up operational hubs on the continent has proved popular. Others have switched head office locations, whilst some are still resolute in their lethargy to make any operational or structural changes at all. But for some UK companies, a
A new study has found that globalism is strong and well in the world of international business, despite a turbulent period of trade conflict and political separation. The Global Connectedness Index (GCI), published by DHL, found that international flows were smoother than feared, with the annual barometer of global goods, capital, information and people flow
The vast majority of small business owners say they’re confident of achieving their company goals in 2020 according to a new study. The research, carried out by Vistaprint, quizzed 500 SME bosses on their primary goals for next year and their optimism for being able to achieve them. And despite the ongoing Brexit uncertainty, the
New research has uncovered small and medium-sized businesses trading internationally have grown at almost twice the rate as small firms selling within local markets. The study, carried out by the government’s export credit agency, UK Export Finance, found that firms trading domestically experienced an 8.4% growth rate over the last five years, compared to 15.2%
The ongoing trade war between the USA and China has seen imports into the US from China drop by 13% so far in 2019. Tariffs were the primary cause of the decline on imports from China, with Vietnam proving to be the biggest benefactor with exports to the States increasing nearly 35%, primarily in the
UK manufacturers are feeling the effects of a prolonged Brexit process as sales and orders drop into the negative, despite growth in the number of individual firms selling overseas. The British Chamber’s Quarterly International Trade Survey for Q3 2019 found that the percentage balance of manufacturers exporting internationally reporting order increases dropped from 9% to
The number of manufacturing companies in the UK who are exporting goods has increased to the highest levels in over a decade. Despite global trade difficulties, including within the EU, the Lloyds Bank UK International Trade Index has reported that over 81% of manufacturers exported goods in Q3 this year, up on Q2. That includes
The December election campaign is well underway in the UK with the two main parties set to pitch their financial agendas for the country today. Triggered and still dominated by Brexit, the campaigns will also focus on some of the big areas that have had little discussion time in the last three and a half
“Brexit has had more dates in the last year than I have” has been a popular quip on Twitter today following the EU’s announcement that member states have agreed to a new extension period. The UK now has a deadline of 31st January to agree to a deal in Parliament. Just to add further intrigue,
New data from the Office for National Statistics has highlighted increased demand for British goods outside of the EU in the run-up to October 31st, predominantly with the US and China. Trade with non-EU countries is currently growing twice as fast as with EU member states, with data showing a 4.2% increase in exports to
The cost of additional red tape and paperwork at the border in the event of a no-deal Brexit could reach as much as £15bn according to a new Government paper. Filling in customs forms for trade between the UK and European Union would be just the tip of an iceberg of a ‘significant new and
The slump affecting the German manufacturing sector has continued this year with new figures from Destatis revealing a 6.7% year-on-year sales drop compared to August 2018, marking nearly two years of continuous decline. Factory orders dropped 0.6% compared to July, twice the shrinkage predicted by economists, albeit an improved performance on the previous month’s 2.1%
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This month, Go Exporting’s Mike Wilson and Laura Brocklebank of Enterprise Ireland discussed the changing structures of UK local authorities, the key investment areas for councils and the opportunities for Irish suppliers. Watch the full webinar below: Watch more webinars from Enterprise Ireland as part of Evolve UK here.
It is widely acknowledged that Brexit is going to present significant challenges for British international trade, irrespective of whether we reach a Free Trade Agreement with the EU before the end of the transition period. That in itself is looking an ever more remote possibility with both parties playing hardball and the UK Government’s unprecedented
The Department for Business has confirmed that the UK will follow World Trade Organisation (WTO) rules regarding subsidies following the end of the transition period, replacing EU state aid laws from January 1st. The rules will cover financial assistance granted by governments and public bodies to businesses, something which has become a sticking point during
Opening a world of opportunities for businesses with ambitions to export.
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