Businesses in Wales, Yorkshire and Scotland Lead Export Growth
The total number of British businesses exporting rose by 5% between 2011 and 2014
Wales, Yorkshire and Scotland had the largest growth in the number of British businesses exporting between 2011 and 2014, a report by Santander Corporate and Commercial has found.
The number of Welsh enterprises doing business abroad (4,900) rose quicker than any other region, with the amount of firms exporting up 32% between 2011 and 2014.
This figure compares with 21% growth in Yorkshire & Humberside (13,900), 17% growth in Scotland (11,100), 12% in the East Midlands (14,900), and 11% in the North West (17,100).
What’s more, the total number of British businesses exporting rose by 5% between 2011 and 2014 to reach 221,300.
John Carroll, head of product management and international business of Santander Corporate and Commercial, said:
“Our analysis shows some strong growth in the number of British firms that export, particularly with regards to the services sector. However, it is vital that more firms focus on international trade as a primary driver of growth.
“2016 is a key year for British businesses and exporting: trading internationally has become even more important to the national business narrative, as evidenced by the government’s target to grow UK exports to £1 trillion by 2020.”