David Williams is MD of supply chain specialist Rhenus, which operates a number of distribution hubs across the UK. He said: "It finally looks like the government has recognised the importance of manufacturing to the economy in the UK and introduced measures to actively support sales to overseas markets. Exporting is a big opportunity for many British brands, high value engineering businesses and other technology companies and this investment has to be welcomed news.
"This move to increase export funding from £1.5bn to £3bn is a real shot in the arm for small and medium sized businesses, who may not have considered exporting as a viable option to grow. This announcement provides tangible support for UK manufacturers to enter new overseas markets, not just in the EU, but further afield in fast growing markets such as India and South America."