Government Teams Up with Greater Manchester to Empower SMEs for Export Success
- Lisa Williams
- Feb 20
- 3 min read
In a bold step to bolster the UK’s international trade ambitions, the government has partnered with Greater Manchester to provide comprehensive support to small and medium-sized enterprises (SMEs) aiming to expand into overseas markets. This collaboration underlines the crucial role of SMEs in driving economic growth and ensuring the UK's competitive edge on the global stage.
Why SMEs Matter in Export
SMEs account for over 99% of UK businesses, employing millions and contributing significantly to GDP. Despite their pivotal role, many SMEs face challenges when venturing into exports, including navigating complex regulations, understanding new markets, and accessing the right funding. Addressing these barriers is key to unlocking their potential.
The Greater Manchester Advantage
Greater Manchester, with its rich industrial heritage and a thriving modern economy, is an ideal partner for such an initiative. The region is home to diverse SMEs across sectors like technology, manufacturing, and creative industries. It boasts excellent infrastructure, a collaborative business ecosystem, and a strategic location with international connectivity.
The government’s decision to collaborate with Greater Manchester builds on the city region’s proven track record of fostering innovation and supporting businesses in scaling up.
Key Features of the Initiative:
Dedicated Export Support Hubs
The programme includes establishing dedicated export hubs across Greater Manchester. These hubs will act as one-stop shops for SMEs, providing access to resources like market research, export training, and networking opportunities.
Tailored Financial Assistance
SMEs will benefit from grants and low-interest loans aimed at easing the financial burden of entering international markets. These funds can be used for product development, trade fairs, or adapting products to meet foreign standards.
Mentorship from Export Experts
The initiative pairs SMEs with seasoned export professionals who can offer hands-on guidance, helping businesses navigate challenges and seize opportunities.
Leveraging Digital Tools
Recognising the power of technology, the programme also offers access to digital platforms that connect SMEs with global buyers, distributors, and potential partners.
Global Networking Events
Regular events, including trade missions and virtual summits, will connect Greater Manchester SMEs with international markets, showcasing their capabilities and fostering new partnerships.
Building a Global-Ready Workforce
The initiative also emphasizes workforce development by offering training programmes designed to equip employees with the skills needed to succeed in international trade, such as cultural awareness, negotiation, and language proficiency.
Positive Impacts on the Region
This partnership is expected to deliver significant benefits to the Greater Manchester economy. By equipping SMEs to expand internationally, the initiative will generate jobs, increase regional GDP, and attract investment into the area. Moreover, it positions Greater Manchester as a leading hub for innovation and trade, further boosting its global reputation.
Conclusion
The government’s collaboration with Greater Manchester represents a transformative opportunity for SMEs. By providing the tools, resources, and support needed to succeed in exports, the initiative paves the way for a more dynamic and outward-looking economy. SMEs across Greater Manchester are now better positioned to take their place on the world stage, driving growth for the region and the UK as a whole.
If you’re an SME in Greater Manchester, now is the time to explore how this initiative can help your business go global. The future of UK exports starts here.
Stay updated on the latest developments in this initiative and discover how your business can participate by visiting Gov.uk or the Greater Manchester Chamber of Commerce.