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New initiative launched

Scottish firms offered help to boost exports

Tracy Black

Tracy Black: ‘too few companies exporting’ (pic: Terry Murden)


 

More companies are being encouraged to take advantage of a new government scheme designed to help them export.

CBI Scotland has today welcomed the initiative after hearing First Minister Nicola Sturgeon, and Trade Minister Ivan McKee, provide further details of a peer-to-peer mentoring scheme. 

With just 70 companies currently responsible for around half of Scotland’s of exports, the CBI said more has to be done to ensure that Scottish companies embrace global markets and experience the productivity benefits of exporting. 

More than a hundred firms gathered in Edinburgh to discuss exporting best practice, access to finance and professional service support for budding exporters. 

Ms Sturgeon said: “Growing our export market is central to Scotland’s trading potential and the Scottish Government are doing everything in our power to see even more Scottish products and services in even more markets. 

“With investment of £2 million we will create 100 new business to business peer mentorships each year for companies aiming to start selling to overseas markets, and intensively support 50 businesses already exporting to increase their overseas activity. 

“I ask that all businesses that feel they could benefit from peer-to-peer mentorships to work with us and together we can grow our economy and help Scottish businesses thrive internationally.”

CBI Scotland director Tracy Black said: “It’s really disheartening to see so few companies looking to seize opportunities in overseas markets – particularly when we know that it brings huge productivity benefits to both individual firms and Scotland overall.

“Against the backdrop of Brexit, there’s real urgency for Scottish companies to take bold steps and claim their space in a competitive global economy. Hesitancy just won’t do and could see us lose ground to our most important competitors.”



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