Overseas sales for small and medium-sized firms (SMEs) are predicted to total £15 billion over the next 12 months, according to a survey by Clydesdale and Yorkshire Banks.

The poll of more than 1,000 SMEs found that overseas sales account for 21% of the turnover of existing exporters. This figure is expected to rise to 24% over the next year.

Key findings:

  • 34% of surveyed firms expect to start exporting or increase sales overseas in the next year.
  • Two thirds of manufacturing SMEs expect to start or increase exports in the next 12 months
  • 48% of IT firms expect to grow internationally
  • 60% of SMEs do not currently export, with 57% believing their products are not suitable

If you would like help accessing government support schemes for businesses, please contact your local Champion office.