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Future of UK exports outside the EU

Posted at November 17, 2014 | Categories : News

Eighty-three per cent of UK entrepreneurs see the future of Britain’s exports lying outside the EU, according to the results of an EY survey published today.

When asked about the one thing that the next UK Government could do to make growing a business easier, over a quarter of those questioned cited cutting red tape, and a fifth cutting business taxes.

When it comes to the UK’s regulatory framework a quarter (27%) of respondents said that regulation restricts growth and a further 17% said it needs radical reform.

EY surveyed 226 established entrepreneurs to assess how their firms have performed in recent years and whether they expect to grow in the future.

Stuart Watson, EY’s Entrepreneur of The Year UK Leader, comments: “Europe has been and will continue to be the UK’s biggest trading partner, yet the UK’s entrepreneurs can see a clear opportunity to grow their business outside the EU in the coming years.

“Businesses intending to scale up through export growth should make sure that they look out for opportunities beyond the EU.”