Thursday 10 Feb 2011 @ 10:39
WiredGov Newswire (news from other organisations)
WiredGov Newswire (news from other organisations)
 Printable version
|
 E-mail this to a friend
|
CBI RESPONDS TO GOVERNMENT TRADE WHITE PAPER
The CBI yesterday responded to the Government Trade White Paper, the new Export Enterprise Finance Guarantee Scheme, and other new trade finance products.
John Cridland, CBI Director-General, said:
“The new Export Enterprise Finance Guarantee Scheme and other new forms of financial support are good news for business, and long overdue. They will help UK companies step up export activity which is vital to deliver private sector growth and drive the economic recovery.
“Many of these new finance products are already on offer by most of the other G8 countries, so this scheme will bring the UK up-to-speed in competition terms.
“There’s a particular need to tackle export under-performance in smaller companies, so SMEs should be encouraged by these new trade finance products designed to help them break into foreign markets and grow their businesses.
“The Government now needs to focus on getting the marketing of these products right. This needs to be straight-forward and carefully targeted so that it reaches the companies with export potential. Banks also need to be ready to roll out these facilities quickly.
“We welcome the Government’s renewed commitment to conclude the important World Trade Organisation negotiations.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. The organisation is also the UK's official business representative in the European Union, which generates more than 50 per cent of regulation affecting British firms. With offices across the UK as well as in Brussels, Washington, New Delhi and Beijing, the CBI coordinates British business representation around the world.
Media Contact:
Media Contact:
CBI Press Office on 020 7395 8239 or out of hours pager on 07623 977 854.
Follow the CBI on Twitter at: www.cbi.org.uk/twitter
