Weak sterling and new guidelines could boost exports

New guidelines have been issued to help British firms to extend their businesses overseas.

With UK exports already running high due to a weak sterling, this latest announcement could really give the export industry a boost.

The guidelines were issued by the Department for Business, Innovation and Skills (BIS) and they explain how firms can take advantage of trade opportunities on offer.

Lord Davies, minister for trade investment and small businesses, commented: "We want to help British businesses flourish at home and abroad. We know that UK companies can sometimes encounter restrictions when trying to expand their business overseas but they need to know that BIS can help in these situations."

He added that the work had already begun to help UK firms to save "millions of pounds" on their trade overseas.

The department aims to offer further savings by helping to adapt national regulations in order to bring them in line with international rules.

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Posted by Sarah Pitton