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Business loan for export expansion
Reported on Tue, 16 May 2006
This year looks set to be a prosperous one for firms seeking to enter the export markets, according to a new study - and companies could take out a business loan to get their endeavours underway.
The latest regional trends survey from the Confederation of British Industry and market analyst Experian reveals that confidence among manufacturers in their export potential has risen to its highest level since July 2004.
Companies across the UK reported a rise in orders from abroad, with the new mood of buoyancy especially apparent in Scotland, the east Midlands, London, the east and the south-east.
Dimitri Gunawardena, economist at Experian, commented: "The more optimistic survey results broadly reflect the improvement in the official data, where manufacturing exports have benefited from stronger external demand, particularly from the vital Eurozone market."
The government has recently been encouraging small businesses to look at the opportunities in overseas markets, with regional workshops held by the flagship Passport to Export campaign and the UK Trade and Investment organisation.
Companies hoping to raise production levels with an eye to export markets could take out a business loan to help expand their operations.
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