Press release – January 22nd 2014
MPs have expressed concern that the UK may miss its target of £1 trillion in exports by 2020, citing a lack of growth despite the £420 million spent by the Foreign & Commonwealth Office (FCO) and UK Trade and Investment (UKTI) last year as a primary concern. Carl Hasty, Director of international payments specialist Smart Currency Business, says that more needs to be done to stimulate export growth.
“The government has said that it is concentrating on high-value opportunities,” says Hasty. “As the director of a fast-growing business, I agree with the strategy. However, growth is also about creating real opportunities, and it seems that more needs to be done to convert government financing into feasible, practical opportunities and help for UK businesses – particularly SMEs – that are exporting or considering doing so.”
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