Reported on Thu, 29 Jun 2006

A growing number of small businesses in the UK are exporting to Europe and a business loan may help those wishing sell their goods and services on the continent.

Companies with a smaller number of employees are the most active exporters, with 46 per cent of businesses having between five and nine members of staff operating abroad.

Exporting is closely linked to turnover, according to research by Natwest; over 50 per cent of businesses with a turnover of £1 million had exported to Europe in the past year.

Manufacturers are 63 per cent more likely to export than other types of firms and the few transport companies that do export do so with 43 per cent of their turnover.

Pete Ferns, director of business banking at Natwest, said: "It is great to see so many of Britain’s small businesses exporting their products and services around the world.

"This is just another example of the dynamic nature of our small business community and demonstrates the ambition and drive that really sets them apart."

The survey revealed that only a quarter of new businesses established in the last five years had exported to Europe, thought to be due to a lack of funds and experience.

Taking out a secured business loan could help small businesses who have yet to move into exporting gain the financial capital needed to pave the way for overseas business.

© Adfero Ltd

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