BCC says data for February 2021 shows modest growth and a further boost is likely as economy reopens but warns that continued improvement is not guaranteed.
Every month new information on international trade and investment becomes available, so keep checking in for more.
You may have noticed that UKEF recently launched the Standard Buyer Loan Guarantee which covers a loan to an overseas buyer to finance the purchase of capital goods, services and/or intangibles from a UK supplier.
The Export Academy currently supports businesses in the North of England, Midlands, and the South West with up to £500,000 turnover with expert advice to grow internationally.
We have produced an Export Academy Partner and Stakeholder Toolkit for Partners to use in support of any promotional activity on the Export Academy programme.
Top Takeaways
Round 4 of our negotiations with Australia have concluded positively
Agreement reached with US to suspend trade tariffs for the next 4 months
Launched Global Britain, Local Jobs report with the Board of Trade. Access the report here
Budget 2021
UK’s Largest Virtual Trade Mission
Additional information about the UK-Japan FTA Implementation Campaign – Spring Mission is below – please feel free to share this with your clients.
Wider business support
These resources and tools are available to help businesses navigate our new trading environment:
Championing Trade - upcoming events
A full calendar of DIT and global trade events can be found here.
BCC says data for February 2021 shows modest growth and a further boost is likely as economy reopens but warns that continued improvement is not guaranteed.
Businesses across the UK are looking at how they can reduce their carbon footprint and bring their overall emissions as close to zero as possible, to help the UK hit its legally binding target of net zero emissions by 2050. But for some industries, this presents a far greater challenge than others. Find out more about how Drax can help.
The British Chambers of Commerce’s Trade Confidence Outlook for Q1, released today, has revealed the stark issues facing UK exporters in the first months of this year. The survey of more than 2,900 UK exporters revealed that the percentage of firms reporting decreased export sales had increased to 41%, up from 38% in the previous quarter. The percentage of businesses reporting increased export sales fell to 20%, down from 22% in Q4 2020. 40% reported no change in their export sales.
Responding to the publication of the Global Travel Taskforce Framework for International Travel, British Chambers of Commerce Director of Policy James Martin said: “The sector has been hard hit in the last year, with prolonged uncertainty about when the full resumption of travel will be possible. This framework provides some welcome clarity however much uncertainty remains around what countries will be on the green list come May 17th.
