BUSINESS
Manufacturers look for
government support
for exporters A
RECENTLY published report has found that
manufacturers are look- ing to the government to provide extra backing for firms that want to export their goods. The study, compiled by the British Chambers of Com- merce (BCC), surveyed some 500 UK manufacturers. It revealed that many British firms are concerned about
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the obstacles that still exist for exporters. While the UK is the seventh largest manufacturer in the world, it has witnessed a decline in its overall global share. For manufacturing firms, lack of trade finance is often a key barrier to exporting. Problems during the reces- sion, coupled with a lack of access to export finance
for riskier markets, have left many British exporters in a weak position compared with rivals from exporting nations with access to state- backed schemes, the BCC argued. To help improve the situa- tion, the BCC put forward the case for the creation of a state-backed trade credit insurance scheme; for the broadening and simplifica-
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