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Business banking

Barclays has called on UK SMEs to take a more global outlook after a recent survey showed they have been in business for an average of four years before they realise their desired growth can’t come from the UK market alone.

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We are committed to helping UK SMEs trade confidently across the globe and call on them today to think more internationally with their business plans in partnership with their Barclays Business Manager.
Simon Nicholson, Head of International at Barclays Business banking

The survey of 500 UK SMEs by Barclays showed the tipping point was clear across all sectors, but at different times. Telecoms and internet, media and entertainment businesses hit their limit at only two years, whereas manufacturing businesses hit their limit at eight years.

Over half of SMEs gave psychological barriers as reason for not starting to export sooner with many saying they ‘didn’t know where to start’ or ‘didn’t think it would work’. However 86% of those that had already exporting said they found the experience to be as they hoped, or even easier than expected. 

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Barclays offers free access to expert guidance, advice, workshops and tools that businesses need to instantly start trading internationally with confidence.

How we help UK SMEs trade internationallyHow we help UK SMEs trade internationally (new window) Read the full press release Read the full press release (new window)
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