By Marcus Leach
As the government ramps up support for exporters following the introduction of the National Challenge, Exporting for Growth initiative, small businesses could be forgiven for confusion over the plethora of new and rebranded export schemes now available to help them trade overseas.
The Institute of Export (IOE) has responded with the launch of a special training module on UK Export Finance, designed specifically to explain what the schemes are and how they all work.
Branded as 'knowledge in bite-size chunks', the module provides an in-depth guide to how the schemes operate, when they can be used and the approach that businesses should take when exporting — all in a compact and easily-digestible format.
The module complements the IOE’s existing range of international trade training materials, also available in the bite-size knowledge format. Completion of the modules qualifies for CPD (Continuing Professional Development) points.
“The economic crisis has been a catalyst for re-evaluation of the support that this country provides our smaller businesses looking to trade internationally," Lesley Batchelor, Director General of the IOE, explained.
"The government has rebranded the UK’s export credit agency as UK Export Finance and introduced a raft of new export schemes which — whilst laudable — has not necessarily clarified which scheme is right for which business.
“The IOE’s latest ‘knowledge in bite-size chunks’ module gives exporters all the guidance they need on export schemes, including working capital, bonds, guarantees and insurances. If we are serious about increasing the number of companies that export — bolstering the UK economy by an estimated £36billion — then we need to provide them with every tool possible to make a success of their ventures.”
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