by Gary Griffiths, Regional Partner – International Trading Business, Yorkshire Bank
Following Gary's article in the Spring edition of Medilink News please see below for further information and your opportunity to give your feedback.
Economic volatility is tough for all businesses, but there are still exporting opportunities open to UK businesses.
There is a false impression that the United Kingdom no longer manufactures goods or indeed exports – this is not the case. There are many export opportunities including India, China and the Middle East.
However, companies need to tread with care and put in place strategies to protect their sales, according to Gary Griffiths, Yorkshire Bank’s Regional Partner - International Trading Business.
Gary categorises exporting businesses in three ways –
- Proactive exporters – have a clearly defined strategy and target markets.
- Reactive exporters – simply react to orders
- Recession proofers – are looking to protect themselves against difficult times as their home market declines and they explore new export markets.
“Those new to exploring exporting opportunities for the first time require a lot of advising through the process – we can help with that,” adds Gary.
Gary explains Yorkshire Bank not only helps companies develop export sales but also to mitigate any risks associated. “The big hurdle any exporter has is finding a bank that understands international finance and is willing to fund new deals,” confirms Gary. “Our team of international finance specialists can support businesses and find solutions to funding exports.”
“New markets can take anywhere up to 18 months to develop but you can cut down a lot of the time by asking for support at an early stage,” says Gary.
Existing or new exporters looking to enter overseas markets or those who would benefit from advice on the risks and cash flow implications of international trade will find that local help is available through our Yorkshire Bank Financial Solution Centres. “
For more information please call Gary Griffiths, Regional Partner – International Trading Business on 07920 823906 or email firstname.lastname@example.org
If you want to ask Gary a question, please post it below