In a first for the Institute of Export, we are partnering with Going Global, who will be hosting the UK’s largest national exhibition specifically aimed at helping businesses who are looking to expand internationally, export products or set up overseas operations. This fantastic event is taking place on 28 and 29 November at Olympia in London and we have a limited number of free tickets for IOE members.
International rugby player and television presenter Martin Bayfield is the inspiring guest speaker at the Institute of Export’s second glittering Gala Dinner for The Queen’s Award for Enterprise at The Drapers’ Hall, London on Tuesday 24 September.
The heartening news that UK exports are at their highest level since the recession has coincided with an invitation for the Institute of Export (IOE) to be a key witness at The House of Lords’ Select Committee on Soft Power and the UK’s influence.
This committee is looking at to what extent the UK social, political and business has an impact on businesses exporting.
At the same time a new report is testament to the hard work, tenacity and innovation demonstrated by the type of vibrant companies we work with at the Institute of Export.
The report’s findings for the second quarter of 2013 based on responses from more than 1,700 businesses and include:
- export orders for service firms hit a record high
- 42% of manufacturing firms reported higher export sales
- 31% of firms expect to increase staff this year
The House of Lords invitation to our Director General Lesley Batchelor was a timely reminder how exporters across the world can be helped or even hindered by the ‘soft powers’ that include their respective government’s foreign policies, its political values and the culture of their country. For example, if the UK is perceived as having ethical and trusted political and business cultures are its export prospects improved?
The IOE welcomed the opportunity to offer our expert opinion on the potential impact of “soft power” on the ability of our members to trade across the globe. David Maisey, Board Member Elect of the IOE and Chief Executive Officer of ICC Solutions represented the institute at the hearing and addressed a number of questions which will help shape a report from the committee.
David’s high performing company – acknowledged as a global leader in providing chip PIN test and certification tools is a double winner of The Queens Awards for Enterprise 2012 in both the International Trade and the Innovation categories. The Awards constitute excellent examples of “soft power” due to their strong currency globally as their kudos and credibility can open doors and help win business.
The phenomenal success of last summers London 2012 Olympics also boosted the “Cool Britannia” brand internationally reinforced with the UK being ranked the worlds most powerful nation in terms of cultural influence, according to Monocle magazines annual soft power survey.
One of the key questions that David Maisey addressed on the IOE’s behalf related to “soft power” and whether UK businesses are using it to its full potential as well as whether UK exporters are taking full advantage of the Commonwealth.
Between them, Commonwealth countries traded around US$4 trillion worth of goods in 2008. Over the last two decades, the importance of Commonwealth members to each other as sources of imports and destinations for exports has grown by around a quarter and third respectively.
Going forwards, however, could the “soft power” of the Commonwealth be underutilised? Research shows the comparative advantage of historical ties is likely to diminish due to a rapidly changing global economic landscape and the increasing ease of conducting business across the globe.
The fact that almost 10 per cent of current Commonwealth member states have not been British Colonies – coupled with the prospect of more new members with little historical ties can likewise contribute to the “soft power” diminishing.
Has “soft power” helped your business whether thats capitalising on the 2012 Olympics, the Commonwealth or even the new Royal baby? Why not send us a Tweet about your success on @IOExport. You can follow our Director General Lesley Batchelor on @LesleyIOExport
Businesses have less than three months to enter The Queen’s Awards for Enterprise that are the gold standard for businesses across all sectors and an acknowledged mark of excellence.
We hope that many IOE members will enter these awards that have so much kudos internationally and are a real badge of honour for global business success.
The latest in a series of 16 surveys that commenced in 1996, the 2013 survey provides the most up-to-date and comprehensive insight into the performance of UK exporters, the challenges they face and the real successes achieved.
Providing critical understanding for policy-makers, analysts and practitioners, last year’s survey highlighted that that demand for UK products was fuelling export growth with over 70% of businesses boosting their export drive and posting increased turnovers across 2012.
Businesses and organisations across the UK are invited to attend The Queen’s Awards for Enterprise prestigious Gala Dinner on 12 June 2012.
Specialist in developing high risk ventures, Richard Noble will talk about his newest and most ambitious project yet – to break the 1000 mph barrier using only British engineering and manufacturing. He will also explain how he is harnessing the programme to enthuse young engineers.
Like the Queen’s Award for Enterprise winners, you are amongst the best in your field. Celebrate the most prestigious and coveted awards in UK business, with the 2012 winners, at the Institute of Export Gala Dinner on Tuesday 12th
Meet at the Radisson Blu Portman Hotel at 22 Portman Square, London W1H 7BG at 6.00pm for 6.30pm for a drinks reception with the Duke of Kent, followed by dinner with a top minister.
The 4 star Radisson Blue Portman Hotel is renowned for fine dining, and as a Business Member of the Institute of Export we would like to
invite you to join us on this special occasion and perhaps sponsor a
table of 10 guests. We have various packages available to you and I
have linked the details here for you to have a look through. We do
have individual tickets available too should you need them.
In our last blog we applauded the innovative success of the winners of the prestigious The Queen’s Awards for Enterprise. Now we are taking a closer look at some of these remarkable businesses – spanning the length and breadth of the British Isles and across a range of industries – to see how they have successfully developed an exporting market.