This latest paper builds on the government’s 2018 Export Strategy and sets out how the UK will harness its global network, the DIT’s trade commissioners and cross-government network to support the specific needs of companies serving the security and resilience sector.
They aim to achieve their strategy by:
More specifically, the security export strategy paper details the support that is currently available to exporters. It covers how the Department for International Trade Defence and Security Organisation (DIT DSO) works in partnership with other governmental departments and trade associations to support companies in the security sector to:
The strategy also provides information on:
The strategy reinforces the commitment by the government to encourage and support exporters. We have held a number of events with the DIT, which have been well received by our clients and contacts.
The increase in exports reported in the policy paper’s accompanying press release are welcome and, although these may be skewed by a weak pound, there is no doubt the Britain’s products are in high demand overseas. Equally, the weak pound will also help some exporters get a foot hold in new markets which they stand a good chance of retaining, even if the pound strengthens once their products are established.
While the uncertainly around Brexit is still a key concern for exporters, the medium-term future for UK exporters looks positive, once individuals and businesses have some form of certainty and can plan for the future.