New export strategy launched to boost British businesses

(2 minutes to read)

International Trade Secretary Dr Liam Fox MP has launched an ambitious new plan that aims to increase UK total exports as a proportion of GDP to 35%.

Dr Liam Fox MP has set out how the government will make Britain a 21stcentury exporting superpower through better use of our overseas network, new online tools and building an extensive business to business network.

Research shows that companies that export have increased growth potential, are more productive and have better paid jobs.

Last year £620 billion of goods and services exported by British companies accounted for 30% of our GDP, with UK exports are at a record high.

However, the Department for International Trade (DIT) estimates that 400,000 businesses believe they could export but don’t, while demand for British expertise and goods overseas is only growing.

The Export Strategy outlines how the government will produce smarter and more tailored support to UK companies:

  • Encourage and inspire more businesses to export – this includes an increased focus on amplifying the voice of existing exporters to inspire other businesses and facilitating peer-to-peer learning.
  • Inform businesses by providing information, advice and practical assistance on exporting.
  • Connect UK businesses to overseas buyers, markets and each other.
  • Put finance at the heart of our offer by deploying an awareness campaign to target UK exporters most likely to benefit from up to £50 billion worth of export finance and insurance support from UK Export Finance.

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Baroness Fairhead, Minister of State for Trade and Export Promotion at the Department of International Trade, said, “Since its creation 2 years ago, DIT has already helped thousands of UK companies to export – with exports now at a record high.

“As the world’s sixth largest exporter, we do punch above our weight, however, we also punch below our potential. This Export Strategy sets out to change that and to increase exports as a proportion of GDP from 30% to 35%, taking us from the middle of the G7 to near the top. This is ambitious, but achievable.”

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of ContractorUmbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, ContractorUmbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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