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Firms receiving government export support increases by 50%

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Firms receiving government export support increases by 50%

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The number of businesses receiving export support has increased by 50% in the last financial year.

The number of businesses receiving export support has increased by 50% in the last financial year, Trade Minister Lord Livingston announced today (20 October 2014).

UK Trade and Investment (UKTI) helped a total of 47,960 businesses in 2013 to 2014 to export for the first time or find new markets through its extensive network of specialists in the UK and in British embassies around the world.

The figures have been published as part of UKTI’s annual Performance and Impact Monitoring Survey (PIMS) and show that the support was worth £49.1 billion to the UK economy in additional overseas sales as a direct result of the advice, which is expected to create or safeguard 220,000 jobs.

Companies receiving support related to the United States saw this biggest increase, 51% (4131 businesses), followed by China, 47% (2961 businesses), and Brazil, 38% (1415 businesses). Other countries included the UAE 28% (1824 businesses), Germany 24% (3413 businesses), France 19% (2199 businesses) and India 15% (2453 businesses).

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