Business development · 4 September 2018

Barclays opens major? new trade centre to boost UK exports

Barclays bank
Around 1.5m small UK firms are thought to be trading internationally
The lender has launched a trade centre in the Midlands that will help over 1, 000 small businesses export goods and services around the world.

Opened as part of Barclay’s commitment with the Department for International Trade (DIT) to enable 15, 000 companies to begin exporting for the first time by 2020, the Birmingham-based trade centre is staffed by 30 export and trade product specialists.

As part of a new post-Brexit exporting strategy, the government recently set a new target to raise exports as a percentage of GDP from 30 to 35%.

Unveiling the trade centre, minister of state for DIT, Baroness Fairhead, said it represented a commitment to better signpost support available to British companies.

time and again we have seen the boost that exporting gives to UK businesses. By selling their goods and services around the world, companies can increase profits, employ more workers and create businesses which endure longer, she said.

that is why our new export strategy aims to increase the substance, availability and awareness of export support.

I am therefore delighted to be opening Barclays? new Trade Centre today, and would encourage businesses up and down the country to make the most of the team’s expertise.

Jes Staley, Barclays Group CEO, said:from manufacturing to agriculture, retail to digital, we are helping more UK businesses sell their goods and services to more people around the world. This trade centre is our latest initiative to make it easier for UK businesses to find their way in overseas markets, by providing the right finance, and all-important advice and guidance.”

According to Barclays, the trade centre has already started to help a number of UK businesses enter markets such as India, Pakistan, Bangladesh, across Europe, the Middle East, Africa, as well as Far Eastern markets such as China, South Korea, Thailand, and Vietnam.

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ABOUT THE EXPERT

Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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