The chamber of commerce for Derbyshire has launched a support package for the county’s exporters on the back of an unexpected slump in overseas trade.
New figures released this week show that the UK’s trade deficit for July – calculated by subtracting total exports from total imports – now sits at £3.3bn, increasing by almost £1bn on the previous month.
Imports swelled by £1.3bn to £34.2bn in July 2014 while exports grew by only £500m, to £24bn. In response, the Chamber of Commerce for Derbyshire has launched a new series of country-specific networking groups to encourage local firms to come together to help each other become more confident in doing business abroad.
Chamber Chief Executive George Cowcher said: “There are many highly-competitive and world-class companies from Derbyshire which are already successfully exporting.
“But, as a country, we lag significantly behind other countries in having a world-class global business-to-business network that can support both existing and new companies benefit from export growth.”