FSB to award best small business exporter

Monday 25 September 2017

The Federation of Small Businesses (FSB) has announced that, in recognition of the recent success of Britain's small to medium-sized enterprise (SME) exporters, it will be presenting the best of them with an award. The group has recently announced its new annual business awards, and Business Exporter of the Year will be one of them.

This comes off the back of recent research from FSB: the Q3 2017 Small Business Index (SBI), which was published on September 20th. One of the findings of the SBI was that 19.5 per cent of exporting SMEs reported an increase in exports over the past three months. In comparison, last year's SBI found that only 11.7 per cent of exporting small businesses reported such an increase.

Furthermore, the proportion of small businesses that export has increased by three percentage points in the last year, showing that this is a growing area for UK SMEs. This is backed up by more statistics, with 20.5 per cent of small businesses expecting that export values will grow during the final three months of 2017; up from 17.9 per cent in Q3 2016.

Dave Stallon, the FSB’s commercial and operations director, said: "Despite this being a time when confidence within small businesses has dropped as a whole, exporting is an area of continuing growth from SMEs. As the UK’s biggest business organisation, FSB will recognise the SMEs who are excelling in this area by giving an award."

The Business Exporter of the Year award will be given out at the FSB Celebrating Small Business Awards 2018 national final, which will be held on May 3rd 2018 at London's Park Plaza. There, the prizes for each of the FSB's 11 categories will be given to the most deserving SMEs in the country.

In order to qualify, businesses must first get through the regional finals. The winner from each of the 12 regions will be put through to the national final. The awards are free to enter and open to all SMEs and self-employed businesspeople. Applications opened on September 11th.

It is vital that the UK's top small business exporters are highlighted, as many other areas of the UK economy are struggling, and it is not easy for many small businesses at the moment. However, the low value of the pound has opened up many possibilities for self-employed entrepreneurs looking to join the global economy.

Nina Skero, managing economist for the Centre for Economics and Business Research, said: "While unimpressive GDP growth weighs down on small business confidence… the range of ongoing changes within the economic landscape has also created new opportunities."

By Victoria McDonnell

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