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Although sector teams within the Department for Business, Energy & Industry Strategy and the Department...
Conclusion
Although sector teams within the Department for Business, Energy & Industry Strategy and the Department for International Trade work together, officials at both departments consider there is scope for a better joint understanding of how to exploit emerging opportunities in overseas markets.21 The Department noted that there is a high correlation between innovating, high productivity and exporting, and that it does work with UK Research and Innovation (UKRI). However, the Federation of Small Businesses (FSB) considers that there needs to be better links between innovation funding and export finance.22 The Department acknowledged that not everybody in UKRI is fully aware of what support a company needs to export and that its own staff may not consider what innovation funding is available when working with businesses.23 Lack of robust metrics
Government Response
A response document is linked to this report, dated 4 February 2021. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
Twenty-First Report - Government support for UK exporters
28 Oct 2020
HC 679
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.9 yrs
Report published
28 Oct 2020