Santander to lead start-up trade mission to Brazil
Six fast-growing firms to exploit commercial opportunities in developing South American market
High-street bank Santander today announced it is set to lead a trade mission to Brazil, allowing six fast-growing companies to exploit market connections in the South American country.
Organised as part of Santander’s £200m Breakthrough business growth programme, the UK Trade & Investment (UKTI)-supported initiative will see delegates travel to Sao Paulo to meet with potential retailers, distributors and business partners with the aim of breaking down barriers, stimulating exports and encouraging international growth.
Brazil is the UK’s largest Latin American trading partner, with a bilateral trade in goods worth £5.1bn. Over the past four years, UK exports to the country have seen particularly strong growth, growing by 20% to reach £2.5bn in 2013.
Overall, Brazil now represents the world’s sixth-largest economy, with a population of around 200 million.
The six companies selected to attend were:
- CafePod: a developer of premium coffee capsules for Nespresso machines
- CopyLab: Scottish communications company focused on finance and investment markets
- CorDEX International: a manufacturer of explosion-proof imaging and inspection devices
- Huub: Derby-based sportswear company
- Tower Transit: International provider of urban bus services
- Unique Secure: ‘Smart devices’ solutions provider
The trade mission coincides with UKTI’s Export Week, a series of events designed to highlight the growth opportunities available for UK exporters.
John Williams, head of the Breakthrough programme at Santander, said: “Brazil has a strong industrial, business and consumer base, which presents immense potential for SMEs planning to expand or export into the South American country. The UK has a strong historic trading relationship with Brazil, going back over 200 years, which is something the chosen delegates hope to build upon.
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“We have an incredible selection of businesses taking part in this trade mission who have outlined distinct objectives whilst there. Through our existing networks with the support of UKTI, we look forward to seeing what these relationships translate to in terms of business opportunities for these small and medium-sized firms.”