UK export finance and credit insurance - Michael Izza
'The performance of the UK’s small businesses will be an important factor in its economic recovery. Currently exporters account for the majority of UK productivity, and firms that start to export become, on average, around a third more efficient.
I believe exporting will drive the much needed growth in UK SMEs and chartered accountants can play a key role in encouraging companies to export.
Currently around 20% of UK SMEs export. ICAEW research suggests that one of the main reasons may be due to a lack of information available to SMEs looking to trade internationally. With this in mind, I believe the first step to tackling the wider export challenge this country faces is to highlight the export opportunity and to signpost the help available to SMEs.
The aim of this guide is to provide insight into key aspects of how to finance export activities. It helps answer many of the questions facing the community of smaller businesses looking to export and gives signposts to a number of organisations which can provide additional support.
I would like to add my thanks to PwC for making this brochure available through ICAEW to our members. Whether running or working for an SME or advising them in practice, ICAEW Chartered Accountants can help SMEs to realise the benefits of exporting, and to help them build the confidence and capability to take up the challenge.'