Grow your busi­ness and ex­ports us­ing ad­vice and sup­port

Harefield Gazette - - NEWS -

MANY busi­nesses will be fo­cus­ing on ways to grow and ex­pand in 2015 and one route to con­sider is ex­port­ing to new mar­kets.

Where there is an ap­petite from cus­tomers, there is an op­por­tu­nity to ex­pand, which is some­thing that fash­ion bag man­u­fac­turer Supreme Cre­ations cap­i­talised on in its early days.

Fol­low­ing en­quiries from over­seas, the com­pany de­cided to seek ad­vice and launch its prod­ucts around the globe.

Work­ing with UK Trade and In­vest­ment (UKTI) and a range of gov­ern­ment sup­port ser­vices, Supreme Cre­ations man­aged to smoothly and suc­cess­fully nav­i­gate the world of ex­port­ing.

Many small busi­ness own­ers are now look­ing to the gov­ern­ment for a range of guid­ance to help them build and grow their busi­ness.

An ex­am­ple is An­drew Ram­roop, the owner of Mau­rice Sed­well tai­lors, based in Sav­ile Row.

An­drew ex­plains how ex­pert ad­vice from the gov­ern­ment has helped his be­spoke tai­lors to be suc­cess­ful.

“Af­ter ar­riv­ing in UK in 1970 from Trinidad, I had the burning am­bi­tion to be­come a Sav­ile Row tai­lor and worked hard to ful­fil that dream,” he said.

“My rec­om­men­da­tion for busi­ness own­ers look­ing to take their or­gan­i­sa­tion to next stage would be to use the Busi­ness is GREAT web­site for the wealth of ad­vice that is on of­fer.

“Our UKTI sup­port was a sig­nif­i­cant turn­ing point and helped me grow my ex­port.

“Thanks to them, we have made suits for cus­tomers in around 58 coun­tries, 70% of our over­all sales are from out­side the EU and ap­prox­i­mately half of the or­ders are placed dur­ing over­seas vis­its to cus­tomers.”

Gov­ern­ment sup­port extends be­yond ad­vice, to the likes of fi­nan­cial in­cen­tives and tax re­lief too.

The well-known chil­dren’s lug­gage com­pany, Trunki, ac­cessed tax re­lief sup­port, help­ing it to take huge strides for­ward as a busi­ness.

Trunki founder Rob Law ex­plains more: “Along­side mov­ing our man­u­fac­tur­ing to Ply­mouth, al­low­ing us to ben­e­fit from The Patent Box scheme, we also re­ceived gov­ern­ment sup­port through R&D tax cred­its for the devel­op­ment of our Boost­A­Pak chil­dren’s car seat and for the reengi­neered ver­sion of our Trunki suit­cases, which is now eas­ier to man­u­fac­ture in the UK and to re­cy­cle”.

In ad­di­tion to the grow­ing range of fi­nan­cial sources, such as crowd fund­ing and peer-to-peer lend­ing, there are many gov­ern­ment schemes and in­cen­tives de­vel­oped to help com­pa­nies of all sizes se­cure fund­ing.

As with Trunki, if your busi­ness meets the cri­te­ria, it may also qual­ify for help with busi­ness rates or tax re­lief for re­search and devel­op­ment, so it’s worth do­ing the homework to see what could ben­e­fit your busi­ness.

To learn about how the gov­ern­ment can sup­port you and your busi­ness to grow, visit www.great­busi­ness. gov.uk.

n SUIT-ABLE AD­VICE: An­drew Ram­roop, owner of Mau­rice Sed­well tai­lors, says the Busi­ness is GREAT web­site of­fers a wealth of ad­vice

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