Bounce-back plans launched for consumer and retail industry
A 바카라 사이트˜bounce-back바카라 사이트™ plan of trade measures for the consumer and retail industry has been announced today to help support businesses impacted by Coronavirus.
Flight path
- Exports Minister outlines new measures to help boost exports and increase British retail firms바카라 사이트™ readiness to sell overseas
- New plans include creation of a Consumer and Retail Export Academy to help businesses export, via a digital learning syllabus
Today Exports Minister, Graham Stuart MP, has announced a series of new measures to support businesses in the consumer and retail industry to export overseas as part of efforts to help the sector recover from Coronavirus.
The new measures will offer immediate support to businesses by ensuring specialists provide advice on online retail and international market-places. Additionally, the launch of a new Consumer and Retail Export Academy will provide businesses with the critical knowledge, skills and networks needed to increase exports. The plan will also outline long-term support for the sector as new export opportunities arise from trade deals being negotiated with the US, Japan, New Zealand and Australia.
E-commerce will be at the heart of the plans, with measures tailored to help consumer and retail businesses develop international, multi-channel, e-commerce strategies fit for the changed retail environment.
The value of retail sales made online has risen by more than 300% in the last 10 years. This trend is expected to continue as a result of Coronavirus, with many UK businesses already experiencing increased sales online.
Minister for Exports, Graham Stuart MP said:
We recognise that Coronavirus has brought challenges to many industries, not least the consumer and retail sector, where so much depends on face-to-face interactions. This package of support will give businesses the helping hand they need to adapt their methods and thrive in the future.
More trade and investment is absolutely critical if the industry 바카라 사이트“ and our whole economy 바카라 사이트“ is to overcome such challenges. These measures provide both short and long-term support for businesses that employ so many people across the UK.
As we continue to encourage businesses to increase their trade overseas, we will also ensure that they can take full advantage of the opportunities that will be unlocked through our negotiation of Free Trade Agreements with countries around the world.
The retail industry is a key pillar of the UK economy, contributing £104bn of GVA to the UK economy in 2019, with the value of retail sales reaching £395bn in 2019, a 3.8% increase from 2018.
Julie Driscoll, UK Regional Director, Hyve Group plc said:
We are thrilled to be working in collaboration with the UK 바카라 사이트 and the Department for Trade on their plans to reinvigorate the UK retail industry.
The retail landscape has been affected hugely by the crisis and it is a pleasure and a privilege to be able to welcome Graham Stuart, the Minister for Exports to speak to the retail community as we bring the industry together, digitally, for Autumn Fair @ Home, and we are incredibly excited to hear the latest measures that are being implemented to revive the industry and help retail bounce back.
The British Home Enhancement Trade Association said:
Following the COVID-19 outbreak, it is now essential that suppliers and retailer have strong e-commerce sales channel.바카라 사이트¯ DIT바카라 사이트™s support to help companies develop an e-commerce strategy will be immensely valuable to businesses as they begin and continue to trade overseas.
British Jewellery & Giftware International said:
Producing a series of fact sheets for specific markets to educate UK companies on opportunities and risks, is a welcome addition. This information will be hugely valuable notably by first time exporters.
The full range of measures announced today include:
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Consumer and Retail바카라 사이트¯Export바카라 사이트¯Academy:바카라 사이트¯A바카라 사이트¯digital learning syllabus바카라 사이트¯of consumer & retail-focused webinars바카라 사이트¯available through바카라 사이트¯DIT바카라 사이트™s바카라 사이트¯online바카라 사이트¯platforms;바카라 사이트¯a dedicated regional coaching바카라 사이트¯programme; and an extensive library of industry-specific factsheets on key export markets.바카라 사이트¯
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Boosted바카라 사이트¯digital and e-commerce바카라 사이트¯offer바카라 사이트¯consisting바카라 사이트¯of three바카라 사이트¯initiatives:바카라 사이트¯바카라 사이트¯
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International Clicks Fast Track Initiative:바카라 사이트¯Access to new바카라 사이트¯DIT바카라 사이트¯partnerships with business-to-business marketplaces, increasing the routes to market following store closures due to COVID-19.바카라 사이트¯바카라 사이트¯
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Omnichannel Optimiser Initiative:바카라 사이트¯Tailored advice for consumer and retail businesses to help them develop an international multi-channel strategy to help them succeed바카라 사이트¯online;바카라 사이트¯바카라 사이트¯Exclusive e-commerce related insights from industry experts via talks, virtual events and바카라 사이트¯podcasts; A바카라 사이트¯specialist바카라 사이트¯webinar series equipping exporters with e-commerce knowledge to help them take advantage of the growing digital opportunities that have emerged from the COVID-19 outbreak.바카라 사이트¯
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FDI e-commerce marketing campaign:바카라 사이트¯Digitally led marketing activity to showcase바카라 사이트¯e-commerce inward investment opportunities to potential바카라 사이트¯international investors.
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UKEF offer:바카라 사이트¯Further outreach and engagement with the industry to respond to the industry바카라 사이트™s needs; a refreshed 바카라 사이트˜Exporters Edge바카라 사이트™ campaign to raise awareness of the support available; and easier access to working capital to allow a wider range of businesses to access support.바카라 사이트¯
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A바카라 사이트¯digital바카라 사이트¯investment prospectus:바카라 사이트¯A바카라 사이트¯prospectus바카라 사이트¯detailing the UK바카라 사이트™s바카라 사이트¯RetailTech바카라 사이트¯offer and unique capabilities. This will be promoted in key markets in order to engage with inward investors.바카라 사이트¯
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Showcasing 바카라 사이트˜Brand Britain바카라 사이트™ at global events:바카라 사이트¯Leveraging 바카라 사이트바카라 사이트¯presence at바카라 사이트¯high profile events,바카라 사이트¯such as바카라 사이트¯Expo 2020 Dubai, Tokyo Olympics바카라 사이트¯and the Commonwealth Games, to바카라 사이트¯provide a platform for consumer goods companies to showcase바카라 사이트¯their offering to a global audience;바카라 사이트¯enabling UK바카라 사이트¯companies to use GREAT branding at바카라 사이트¯global바카라 사이트¯events;바카라 사이트¯engaging바카라 사이트¯consumer and retail businesses in the바카라 사이트¯Midlands바카라 사이트¯region to바카라 사이트¯help them바카라 사이트¯take advantage of DIT바카라 사이트™s international events, and Hyve Group PLC바카라 사이트™s market leading trade shows as a platform to reach바카라 사이트¯overseas바카라 사이트¯buyers.바카라 사이트¯바카라 사이트¯
The measures follow the recently announced agriculture, food and drink bounce-back plans in June, in conjunction with the Department for Farming and Rural Affairs (Defra).