New statistics from the Department for International Trade (DIT) has revealed that the number of foreign direct investment (FDI) projects in the UK for the 2019/2020 financial year increased. The DIT’s latest data shows that the UK attracted 1,852 new inward investment projects last year – an increase of four […]
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Small to medium-sized enterprises (SMEs) in the UK are diverting £10 billion in exports away from the European Union (EU) as they prepare for Brexit. The news follows research by Aston University, which found that UK exports to South America and East Asia have increased significantly ahead of the next […]
The Government has committed over £10 billion to guarantee the trade credit insurance sector, giving thousands of British businesses the confidence to continue to trade in the UK and overseas. The backing comes after experts raised concerns over the rising risk of insolvency, which is likely to result in unaffordable […]
Australian and New Zealand have announced that they will begin negotiations on a free trade agreement with the UK. Both nations are understood to be eager to do deals with the UK to boost their economies as they emerge from the COVID-19 crisis. Australian trade minister, Simon Birmingham, said: “We […]
In response to the COVID-19 outbreak, the Government is making temporary changes to customs policy and authorisations. These amendments to existing policies are most likely to affect businesses authorised, or applying to be authorised by customs, that use temporary storage or customs special procedures such as inward processing or customs […]
The Government will supply thousands of businesses with Trade Credit Insurance to ensure that they can continue to trade with confidence, it has been revealed. Trade Credit Insurance provides cover to businesses in primarily non-service sectors, such as manufacturing and construction, by insuring suppliers selling goods against the company they […]
In June US and UK trade delegates are set to hold two virtual negotiating meetings to discuss in greater detail a potential trade deal. This next round of advanced talks comes after an initial round of meetings was held in May as the two countries attempt to flesh out a […]
The UK Government has announced a new tariff regime, the UK Global Tariff (UKGT), which will replace the EU’s Common External Tariff (EU CET) on 1 January 2021 when the transition period ends. Said to be tailored to the “needs of the UK economy”, the UKGT will make it easier […]
New findings from the National Survey of Registered Business’ Export Behaviours (NSRB) suggest that the UK has a significant untapped exporting potential. A new report by the NSRB found that more than a tenth (13 per cent) of UK businesses that have not previously exported, as of the end of […]
The Government has announced a new scheme to help businesses with the impact of Coronavirus. The Future Fund is aimed at rapidly growing businesses that typically rely on equity investment. These businesses are often pre-revenue or pre-profit and have been unable to access existing schemes, such as the Coronavirus Business […]