Post Bexit exporting

Small Businesses Ready to Take On The World, As Export Activity Doubles

Small Businesses Ready to Take On The World, As Export Activity Doubles

The number of UK small businesses investing in exporting has almost doubled in the past year, suggesting many remain unfazed by Brexit – according to a report by Bibby Financial Services (BFS). The SME Confidence Tracker, which tracks the sales performance, investment intentions and confidence of small enterprises, revealed that 15% of respondents invested in export activity in Q3 2016, compared to just 8% in Q3 2015. 22% manufacturers said they have also invested in overseas trade over the past three months, up from just 15% in Q2 2016, suggesting smaller businesses are on the hunt for growth beyond the domestic market. On the topic of the UK’s decision to leave the European Union, 37% of those surveyed said June’s historic referendum decision has not impacted their business in anyw... »