BUSINESS leaders have called on the Government to increase support for North-East firms looking to export goods.
The North-East Chamber of Commerce (NECC), which represents about 4,000 businesses, says the Government must use its Spending Review to help stimulate economic growth for companies in the region.
A NECC international trade survey says North-East companies are targeting the fast-growing economies in India and the United Arab Emirates (UAE) to increase exports, with the European Union remaining the most popular marker for existing and potential exporters.
The report reveals about 90 per cent of exporters trade in the EU, with just over half of companies trading in non-EU European countries, such as Russia, as well as the Middle-East and Africa.
It also says nearly a quarter of businesses questioned found exporting more difficult due to a lack of quality international transport connections and direct flights.
Helen Hayes, NECC policy advisor, said: “Economic recovery will rely heavily on export success. “There is a huge amount of untapped potential in regional companies to expand, but the right support is vital.
“It is important that businesses have access to local knowledge on the ground that can deliver practical contacts, potential partners, real customers and supply chains.
“To fully meet the scale of the economic challenge, funding for the development of small and medium-sized exporters and in-market support should be increased in the Government’s Spending Review.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here