Export figures for South West businesses outperform the national trend

According to recently released data from HM Revenue and Customs (HMRC), which reported on the 12 months running up until June 2015, businesses based in the South West saw the value of their exports rise by 5.6 per cent to £14.5 billion.

The region easily outperformed the UK average value of exports, which fell by 2.6 per cent over the same period.

In contrast to many regions, there was also a rise in the number of companies in the South West who were exporting goods.

Phil Smith, managing director of Business West, said: “Today we see a welcome boost for the international profile in the South West, with the total value and number of exporters on the up despite a national decrease.”

“This shows us that the world loves West Country products, with an increasing appetite for the goods that local firms are creating day in day out.”

While the region was not at the top of the export league tables, with the West Midlands recording strong figures due to the international demand for British-made cars, the South West is catching up.

Francis Maude, minister for trade, recently visited Bristol to encourage more businesses from the city and surrounding areas to export and profit from the international marketplace.

The visit was incorporated as part of a programme of events tying in with Business West’s #GetExporting campaign, which aims to get 2,020 businesses across the region increasing their level of exports by 2020.

Phil Smith also added that any companies in the region who want to explore the potential of exporting to the lucrative international marketplace should seek professional advice.

He said: “[Businesses] will be watching this news wondering how to get involved. To these firms we say come and take the advice available at UK Trade & Investment who can help at every stage of the export journey.

“Expanding overseas is really worth considering as research shows that successful export businesses achieve greater growth and higher profitability.”

To find out how we can assist you, contact Milsted Langdon today. For more information, please visit milstedlangdon.co.uk.

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