The Government has revealed its new Security Export Strategy, which aims to help product manufacturers sell overseas.
The new trading strategy forms part of the Government’s 2018 Export Strategy, setting out how the UK can remain at the forefront of growing global demand, while also aiming to cut red tape to make it easier for exporters to do business.
Launching the new scheme for security manufacturers and providers, the Department for International Trade (DIT) said the new scheme will provide expert guidance on exporting, connect businesses with overseas partners, and ensure corporate finance is available for all.
The security economy created over £5.2 billion in revenue last year and includes products such as cybersecurity systems, specialist information technology, communications equipment, big data analytics, fire equipment, surveillance systems and more.
However, exporting security products and services often requires an additional layer of administration and clearances, potentially cutting the export market and other overseas opportunities.
Commenting on the new strategy, Liz Truss, Secretary of State for the Department for International Trade said: “Britain’s security exports market is booming. Last year alone businesses collectively saw their overseas sales reach £5.2bn and this Government is committed to seeing that figure grow this year and beyond.
“This Strategy I am launching today seeks to do just that. By providing support for businesses, harnessing the UK’s global network using DIT’s Trade Commissioners, and promoting the UK Export Finance offer to business, we will ensure they remain the vanguard of security exports and services.”
Click here to access the Security Export Strategy.
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