Consider new measures to boost growth and exports, govt urged

Thursday 15 November 2012

City of London

The government should take a number of steps to promote business growth and exports, a leading lobby group has claimed.

According to the British Chambers of Commerce (BCC), the coalition could make a huge difference to the economic recovery by helping private sector organisations be more competitive.

The BCC has called for the implementation of a ‘Growth Voucher’ scheme, which could give 20,000 businesses with clear growth plans up to £5,000 each.

This could be used to access support on planning system negotiations, advice on accessing finance, or help growing the employee base, it claimed.

An ‘Export Voucher’ scheme could also be beneficial, the BCC said.

"Together with Growth Vouchers, targeted Export Vouchers would build confidence and help kick-start the rebalancing of the UK economy," the organisation proposed.

"Export Vouchers would encourage businesses on the cusp of exporting, or looking to expand into new markets to seek out and access the support they need, from public or private-sector sources, with minimum bureaucracy."

As a further measure, the BCC is calling for greater government support for UK exporters in overseas markets.

It is proposing a further £100 million per year investment in in-market support for UK exporters in 18 key global zones, linking businesses to new opportunities.

The addition of in-country trade advisers and the implementation of a quality accreditation scheme would make a significant difference, the BCC added.

Posted by Dan Smith