Deep Blue Group of Company Tokyo Networks: What British Export Businesses Need to Know Post Budget 2014

Deep Blue Group of Company Tokyo Networks: What British Export Businesses Need to Know Post Budget 2014 UK Chancellor George Osborne's Budget 2014 committed to doubling support for British exporters, in a move that will see the government aim to increase UK... More

Deep Blue Group of Company Tokyo Networks: What British Export Businesses Need to Know Post Budget 2014 UK Chancellor George Osborne's Budget 2014 committed to doubling support for British exporters, in a move that will see the government aim to increase UK exports to £1tn by 2020. As well as doubling the annual 100% tax allowance for investment to £500,000 (€634,000, $836,000), loans available for foreign buyers to purchase goods and services from UK exporters will increase from £1.5bn to £3bn. As financing can be a barrier to export for businesses, the initiatives announced on Wednesday are extremely encouraging for British SMEs. The government's commitment to doubling financial support will be a great advantage to start-ups that are often nervous about the financial risks of exploring new markets. While this Budget is welcome news for would-be British exporters, with opportunities also come risks, so businesses need to understand the associated challenges with exporting abroad. Belo Less