UKTI’s global commercial partner, Lloyds Banking Group, pledges to help 25,000 new exporters by 2020.
This is part of a wider effort to support small and medium sized enterprises (SME) across the country. The announcement is part of the Lloyds SME Charter.
The pledge will contribute towards the government’s own target of having 100,000 more UK companies exporting – as part of its Exporting is GREAT campaign – by the end of the decade.
Lord Price, Minister of State for Trade and Investment, welcomed the news saying:
“This government has committed to having 100,000 more UK companies exporting by 2020 and this pledge by Lloyds is a welcome contribution towards this target.
It’s great to see the banks doing their bit to support small and medium sized businesses looking to invest and create jobs.
By working together like this we can make sure British businesses up and down the country have the support they need to export their goods and services around the world, and that the UK remains a great trading nation.”