Businesses stand a greater chance of surviving and growing if they export.
That’s the message that came from Simon Crosby from the Department of International Trade who addressed a packed audience at today’s Seaham Business Park trade-themed event.
The event, at Seaham Hall Hotel, was organised by Business Durham and the Durham Business Opportunities Programme (DBOP) teams and looked at the challenges and opportunities facing businesses who trade nationally and internationally in uncertain times.
Simon Crosby said: “Statistics show it makes business sense to export overseas with a company 11 per cent more like to survive if it does while 58 per cent of businesses who export reported growth.
“It’s also easier to take your business overseas than you might think – the fact is if you sell a service or product in this country you can do it anywhere.”
Simon, who is lead international trade adviser for the DIT North East, also revealed exporting by North East companies was up by 50 per cent as more and more looked to international markets as a means of winning new business.
The audience of businesses and organisations from across the North East heard from the Bank of England’s North East agent Mauricio Armellini, who gave an overview of the current economic climate, while regional director of Santander Simon Dunn spoke about what the bank is doing to help businesses tap into new markets globally.
Businesses from Seaham and neighbouring Peterlee Business Park were in attendance including Andrew James Worldwide, Aspen Wolf, Vapourlites, East Durham Business Service, Exhibit Art and Spectrum Business Park.
Guy Bashford from the DBOP team brought the event to a close as he outlined the priorities of the new business support programme, which is looking to help companies, particularly those harder to engage SMEs and micro firms, to grow.