Despite the current uncertainty facing businesses of all sizes, there remains a significant opportunity for firms to export into new markets and grow their customer bases. Indeed, in a recent report by the Department for International Trade, around one in eight businesses (13%) had never exported but self-identified as having goods or services that were suitable for export or which could be developed for export.
Harness support from the experts
International markets are more accessible than ever and UK businesses can find growth by being flexible, reacting to opportunities and building partnerships in markets around the world.
Undeniably, taking your business into a fresh territory is a big leap, even for established exporters. However, there is plenty of support you can call on.
Whatever your target market, understanding the regulatory differences and cultural nuances is a key challenge. With a presence on the ground in more than 60 markets worldwide, we have a deep resource of local knowledge and understanding that can help you navigate those differences.
That global network means we can also help make those all-important connections. Whether it’s a new supplier in China, a potential customer in Australia or a legal expert in India, we could help you connect with the right people to support your growth in new markets.
As you research new markets, our international business guides are a useful resource, providing valuable insights into trading and ways of doing business in key markets around the world.
Specialist export finance
Alongside the growth opportunities, exporting can bring its own challenges around financing. The longer, more complex supply chains that come with international trade can put different pressures on your cash cycle.
With 800 trade specialists worldwide, we can point you to funding solutions that will enable you to operate efficiently and minimise risk. That could range from guarantees and global payments, to trade finance and FX services.
HSBC can also work with you to smooth the cash cycle. For example, you could secure up to 90% of invoice values on the next working day through receivables finance, or protect your business from late payments or bad debts*.
Whether it’s helping you make the right connections in new markets, offering export expertise, or providing access to funding solutions, we’re open to supporting your international ambitions.
Support for your ambitions
Alongside specialist trade finance solutions, we could also support your international growth plans with traditional funding.
Allocated from local branches across the country, our £14bn SME lending fund is designed to help businesses to expand their workforce, upgrade equipment or otherwise secure their future competitiveness. It could also be the springboard for a move into new overseas markets. You can find out more about the fund here.
Whether it’s helping you make the right connections in new markets, offering export expertise, or providing access to funding solutions, we’re open to supporting your international ambitions. Because being open is good for business.
*Arrangement fees apply