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Why Brexit is a blessing in disguise for UK exporters

by LLB Reporter
2nd Aug 16 11:38 am

Barclays is on a mission to boost UK exports

In a bid to boost British exports, Barclays has vowed to help small businesses crack international markets.

The bank, which has seen a 3% uplift in the number of businesses it is helping to export, is urging businesses to take advantage of the fall in Sterling following the UK’s vote to quit the European Union.

Steve Childs, Head of Barclays International, said: “Now is a great time for UK businesses to export with a wealth of opportunities for British goods and services. Whilst there are challenges for businesses that import, these are equalled, if not outweighed, by the possibilities that arise from exporting. Barclays recognises the importance of supporting SMEs looking to expand into the international markets and our Business Abroad programme offers a strong framework to help SMEs looking to take that leap to do so with confidence.”

Here’s Barclays’ commitment to UK exporters:

  • Access to one of the largest teams of specialist CITA qualified international and trade business bankers in the UK
  • Barclays has added new features to its Business Abroad service, driving greater solutions for business wanting to export:
  • Currency Accounts and a free app that provides live mid-market rates across 90 currencies
  • Free access to expert guidance, advice, workshops and tools
  • Discounted shipping, export documentation preparation and credit insurance through partnerships with DHL, Acorn Interactive and Coface
  • Barclays and UKTI pilot: A three-month trial between UKTI and Barclays, with UKTI trade advisors sitting side by side with Barclays’ International Managers in their International telephony team– cutting out the wait time for customers and making bank to government support as seamless as possible
  • Barclays is one of the first to join UKTI’s export directory – a new matching making platform – that connects buyers overseas with UK businesses

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