International Trade Secretary Liam Fox has announced that small businesses can now access government-backed export finance directly from their banks, boosting UK trade.
BExA was pleased to welcome Greg Hands, Minister of State for Trade and Investment, to the BExA annual lunch at the Mansion House on Monday 10th October. The Minister addressed the 220 attendees to provide an overview of the aims of the new Department for International Trade.
Marcus Dolman, BExA Co Chairman – Large Exporters commented ‘We welcome the creation of the DIT, the associated elevation of Trade within Government and the recognition of the importance of Trade to the UK economy.’
Geoff de Mowbray, BExA Co Chairman – SME & Micro Exporters added ‘BExA’s focus for SMEs is to work with DIT and UKEF to strengthen the UK’s offering for sourcing and converting opportunities of smaller value exports to ensure financing of these opportunities is simplified and streamlined.
We welcome Greg Hands engagement with BExA and look forward to creating opportunities from the challenges the UK currently faces as we negotiate our exit from the EU.’