The government’s Export Strategy builds on the Industrial Strategy, coherently linking UK government support both domestically and internationally, to ensure that businesses will encounter no wrong door in asking government for export support.
The Industrial Strategy provides a platform for international success, and if we get it right the export potential will be huge. DIT, the Foreign and Commonwealth Office (FCO) and Department for International Development’s (DFID) will work together overseas to ensure that all government’s priorities reinforce one another and that existing policies are used to support the UK’s new independent trade policy objectives, gaining better market access for British business in line with the Industrial Strategy.
While government can identify sources of future trade growth, it is important that this is calibrated to where the UK economy has the capability and capacity to meet this demand. Global demand will always outstrip the UK’s ability to supply.
This strategy is an integral part of the Industrial Strategy’s objective to boost the UK’s underlying competitiveness and capacity to export, and the prioritisation framework will reflect this. Specifically, the government will align resources in the UK and abroad to support the ambitions of the Industrial Strategy, particularly in relation to the Grand Challenges and Sector Deals, and reduce the relevant market access barriers. In addition, DIT with BEIS will support the international events and trade missions that best promote the Industrial Strategy Grand Challenges and Sector Deals.