international expansion

Food and Drink Businesses Set For Rapid Expansion

Food and Drink Businesses Set For Rapid Expansion

Businesses in the food and drink industry are optimistic about future growth in with 72% announcing export plans and 100% predicting growth in the next five years, the latest Investing for Growth report by Lloyds Bank Commercial Banking has found Four out of five food and drink companies said they expect a 25% revenue increase by 2020, with businesses planning to target overseas markets in order to achieve ambitious plans. Western Europe was the most popular target overseas market, with 60% of respondents planning to enter countries in the region, followed by North America (49%), and Asia and the Far East (43%). The survey – featuring 113 companies across alcohol, fresh produce, and food and drink products – reported that firms across Wales and England will create 73,000 new jobs by 2020 H... »

Three Quarters of UK Small Businesses Not Exporting

52% of survey respondents identify ‘lack of support’ as main barrier to exporting despite 35% of businesses identifying new markets as essential to business success Despite a growth in UK exports, only a quarter of small and mid-sized businesses are trading overseas – with over half stating they require more support to do so. A FedEx survey of 1,000 businesses entitled The Great British Export Report revealed that, although only a quarter of small and mid-sized businesses are exporting, 35% of the respondents identified tapping into new markets as essential to their business’ success in the next 12 months. Furthermore, of those companies that are exporting 41% predict that in five years their business will be mostly international. Despite the government setting an export target of £1tn by ... »