Could facilities management help firms get over export fears?
June 2nd 17:39 Cost Management
British businesses are being put off exporting their goods over fears about language and currency, new research has shown.
According to a new report by Lloyds TSB Commercial, just 32 per cent of smaller UK firms are currently exporting their products.
The study showed that a concern over lack of demand was the main reason for the trend.
This was cited as a reason to not begin exporting by 39 per cent of businesses.
John Maltby, Lloyds TSB Commercial's managing director, said those not exporting are "missing a trick" as 62 per cent of those that are have see foreign markets grow in the last year.
"There really is a world of opportunity out there for British small businesses," he said.
"Many firms are turning overseas demand and a weaker sterling to their advantage as they seek to grow. Others are clearly missing a trick."
Potential debt worries (20 per cent), lack of resources to explore new markets (21 per cent), currency fluctuations (18 per cent) and language barriers (16 per cent) were also cited as stumbling blocks.
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