Business Questions: MP calls on Government to do more to promote British exports.
27th October 2011
Pauline Latham questions the Secretary of State for Business, Innovation and Skills on promoting British exports, highlighting high-tech exporters in Derbyshire particularly.
Pauline Latham (Mid Derbyshire) (Con): What steps he is taking to promote British exports. [76854]
The Secretary of State for Business, Innovation and Skills (Vince Cable): My Department is supporting British exports through UK Trade & Investment. Its strategy, which was launched in May 2011, sets out plans to provide practical support to exporters over the next five years. I have undertaken a number of visits overseas to promote British business to countries including China, India, Brazil, Japan, South Korea, Turkey and Romania, and next week I shall be in south-east Asia promoting British trade.
Pauline Latham: Britain is increasingly becoming a centre of excellence for high-tech, high-value manufacturing exports. In Derbyshire, we have some great high-tech exporters ranging from Rolls-Royce, which my right hon. Friend knows all about, to Pektron, an innovative, family-owned electronics manufacturer. What more can my right hon. Friend do to showcase those exceptional firms and remind people up and down the country and internationally that high-tech British goods are in demand everywhere, and that that needs to continue?
Vince Cable: Yes, there are many successful British exporters. Over the past year, exports have grown on a year-to-year basis by about 9%. Where we have fallen down historically is that British small and medium-sized companies have not been as involved in exporting as the larger enterprises such as Rolls-Royce. One of the main commitments in the UKTI strategy is to concentrate help and resources on those companies, which would undoubtedly help the specialist company in my hon. Friend’s constituency.