more of the region’s
businesses are looking
to overseas markets
to give them stabilitY
as the credit crunch
bites. inform reports.
target
traDe.
yorkshire forward has announced LLP (PwC) in Yorkshire said the
another £6.9 million of targeted export organisation has seen increased
support scheme (tess) funding to overseas activity across many different
help regional companies beat the sectors.“That interest shows no sign
home market slump by turning to of abating. Given the current economic
opportunities overseas. climate, it could be that breaking into
overseas markets or developing existing
According to independent research, overseas trade is an effective way to help
companies trading internationally anchor or steady a company.”
are more competitive, have higher The TESS funding, which is delivered
levels of productivity, and enjoy higher by UK Trade and Investment and
than average growth than companies accessed through Business Link,
restricting their operations to domestic will help companies with everything
markets. More importantly, they are from identifying and visiting potential
also able to deal more effectively with markets to modifying their websites for
domestic downturns. international customers.
An increasing number of businesses Grants average £5,000 and require
are, therefore, looking for new match funding from the company
opportunities to export or source from concerned. Contact business link
abroad – an area of activity traditionally yorkshire on 0845 6048048 or UKti
associated with larger established yorkshire on 0113 3949825 for more
businesses. information.
Stephen Crow, head of business www.businesslink.gov.uk/yorkshire
development at PricewaterhouseCoopers www.tradeyorkshire.com
the Chinese Way.
Yorkshire Forward continued and Professor Li of the Chongqing
to strengthen the region’s links Foreign Trade and Economic
with China at the recent China Commission (COFTEC) is designed
International Fair for Investment to develop trade opportunities
and Trade. between the city and Yorkshire
The event followed the and Humber, particularly in
signing of a Memorandum of the field of environmental
Understanding between Yorkshire technologies.
and Humber and Chongqing, the The MOU builds on a trade
world’s biggest city, in August. agreement signed earlier in the
The agreement, signed by year between Gordon Brown and
Yorkshire Forward’s Linda Pollard China’s Premier Wen.
Consul-general brian Davidson, John prescott and yorkshire forward’s andrew fox (l-r)
are strengthening links with China
inform september 2008 page 6
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