The vibrant success of Britain’s film industry at the Oscars is a further boost to the growth of an already booming creative industries’ export market.
Latest British Film Industry (BFI) statistics reveal that in 2011 the industry exported £1,739 million worth of services – of which £1,199 million came from royalties and £540 million from film production. Film exports are now 121% higher since data was first collected in 1995.
A little known but fascinating fact is that the curling stone is one of the UK’s most unique exports. Last year, the manufacturer of the granite stone, Kays of Scotland, exported 1300 overseas – including the 66 that were used during the Sochi games.
It was welcome news when Lord Young, Enterprise Advisor to David Cameron, recently announced an injection of £30 million to fuel the growth of SMEs via support in critical areas including finance and cash flow.
Under the new Growth Voucher scheme, up to 20,000 SMEs based in England will be eligible to receive £2,000 worth of guidance and advice – providing they match the amount with their own funds.
Our Director General Lesley Batchelor is at the forefront of urging SMEs to take part in this year’s International Trade Survey.
The survey, sponsored by American Insurance Group (AIG) and supported by The Institute of Export, is the ideal opportunity for businesses to have their say about international trade.
Smiles of Success: (l to r) Back row: Ian Ross, Brian Price, Bruce McClure. Middle row Sue Wright (IOE), Elaine McKeown, Nindy Bhari, Carol Malcolm, Fiona Maclachlan. Front row Jennifer Low, Anne MacColl and Mandy Wright.
The Institute of Export is celebrating the success of nine Scottish Enterprise staff who have achieved the IOE’s Advanced Certificate in International Trade.
SMEs need to step up and move into overseas markets to boost the UK’s economic recovery.
But to achieve this will require the development of high growth products and the investment of both time and money – only then can a sustainable economic recovery take place.
Panellists at the All-Party Parliamentary Group for Trade & Investment: Kerry Agiasotis Global MD of Western Union Business Solutions, David Godfrey Chief Executive of UK Export Finance, Andrew Clark Deputy business editor of the Times, Keith Williams Founder & Director of Keith Williams Architects and Margot James MP.
SME confidence in international trade conditions across the last quarter of 2013 was the highest level on record with more businesses expecting growth in 2014.
The findings – reported in the Western Union Business Solutions International Trade Monitor – the quarterly economic confidence survey of over 650 UK SMEs engaged in international trade – reveal that confidence has risen to 82% from 68% a year ago.
L to R: Declan Curry, Justin King, Peter Ibbetson, Lesley Batchelor, Praveen Vijh and David Bailey
Our Director General Lesley Bachelor has urged British businesses to step up their act in order to improve their chances of successfully breaking into overseas markets.
Lesley made her call to action on Radio 5 Live’s On the Money programme where she appeared alongside fellow panellists Justin King, Chief Executive of Sainsbury’s, Peter Ibbetson, Chairman of Small Businesses, RBS Group, Praveen Vijh, co-founder of Eat Natural and David Bailey, Professor of Industrial Strategy at Aston University Business School.
By Mike Josypenko, Director of Special Projects, Institute of Export (IOE)
At the start of a new year it is heartening to see that our vibrant manufacturing sector is leading the UK’s economic recovery.
In its annual survey of companies, manufacturers’ organisation EEF expects the sector to grow faster than in any other Western Europe economy this year – including Germany. The EEF survey tips UK manufacturing to grow 2.7% this year, compared with 1.6% in Germany and just 0.7% in France.
Lesley Batchelor, our Director General, outlines the business boosting benefits of being a member of the Institute of Export (IOE) in the year ahead.