More action needed on exports

BUSINESS bosses across the North East are demanding more action from the Government to encourage smaller sized firms to export.

The Federation of Small Businesses in the North East formed a task group which has finalised a report on how more could be done to give small and micro businesses the incentives they need to start exporting.

It recommendations included a three year tax holiday to businesses exporting for the first time, an exporting tax credit so that firms planning to export can investigate how it is done properly and a guaranteed two-year interest-free or low interest loan.

It also came up with other recommendations such as roadshows and workshops, and an initiative to develop more mentors.

FSB North-East chairman Ted Salmon said: “If the Government is truly committed to achieving an export-led recovery of the economy it needs to do more to persuade small and micro businesses to consider exporting.

“Our task and finish group into exporting was led by small and micro businesses that have offered some clear recommendations on how the Government can achieve this.

“The small and micro businesses that formed this group have set down a challenge to Government to improve the incentives to help reach the target of 500 new exporters.”

“We will be lobbying local MPs and others to see the introduction of these recommendations to help more small and micro businesses in the North East start their exporting journey.”