Family Business Scale-ups: Breaking Barriers to Growth
Alongside the UK market, they are also focused on international expansion. Figure 17 below shows six in ten saying that selling overseas is a priority for their future growth , with the EU (66%) and North America (33%) identified as the most attractive international markets. Other regions, including other parts of Europe (26%), the Middle East (20%), China (21%) and Africa (18%), also feature, pointing to a diversified approach to international growth that is consistent with the wider scale-up population.
Figure 23: International expansion opportunities for businesses
6 in 10 agree that selling overseas is a priority for future growth, however –
4 in 10 aware of the government’s trade strategy, but –
8 in 10 think it will be helpful to their business
Which of the following parts of the world do you see as presenting the best opportunities for your business (whether exporting more than you currently do or starting to export there or moving overseas)?
26% Other Europe
11% Other Asia
66% The EU
33% North America
21% China
20% Middle East
18% Africa
9% Latin America
8% Indian Subcontinent
11% Australasia
Page 47
Made with FlippingBook - professional solution for displaying marketing and sales documents online