Three quarters of small businesses “missing out” on export opportunity
As the government launches Export Week, Sage reports that only 16% of small firms are exporting globally and just 7% are exporting to Europe
Three quarters (75%) of small and medium-sized enterprises don’t trade internationally and have no plans to, according to research from accounting software firm Sage.
The survey of 400 business owners has revealed that, while 16% of small firms export globally and 7% export to EU countries, the remainder of small business do not and only 2% have concrete plans to do so within the next two months.
As the government launches its drive to promote exporting opportunities to UK businesses with the beginning of the UKTI-backed Export Week, the survey respondents claimed that government support, clearer information and EU advice on trading across borders were needed to encourage them to export.
Speaking at the launch of Exporting is GREAT, Stephen Kelly, CEO of Sage said:
“We’re passionate about supporting businesses from start-up through every stage of their growth. Exporting is a significant step on the journey – one that many small and medium businesses don’t feel they have the support or knowledge to take.”