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The Sponsors Alliance position on the future of Export promotion, Executive summary
UK Trade & Investment's infrastructure is not viable in the present economic climate. UKTI's structure is burdened by staff, overheads and administrative costs, which make up 75% of its annual budget.
In the current recession the UK needs a significant injection of government investment to boost exports and encourage UK companies to increase their international sales efforts. These resources should be targeted towards business schemes which directly help UK exporters enter overseas markets, and on schemes which bring the largest financial return on investment for exporters and the UK.
UKTI must reduce its operating costs, by:-
reducing staff and administrative budgets.
eliminating regional networks.
reducing its marketing activities.
reducing inward investment activities.
The resulting savings should be channelled into programmes which directly benefit UK exporters.
UKTI can reduce the cost of delivering business schemes by working with not-for-profit industry intermediaries, such as trade associations and chambers of commerce. Both parties can leverage existing services and activities, creating greater efficiencies.
Opportunities exist for industry associations to play a greater role on behalf of UKTI in delivering overseas market information services, providing advice and mentoring.
If you support the Sponsors Alliance position and wish to comment, please email the
the Sponsors Alliance using the form below:-
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