NatWest and The Royal Bank of Scotland (RBS) have launched an exporters package to help support the upturn in UK businesses looking to sell their goods and services abroad. Industry data reveals that the value of exports by British companies as a whole, increased by £723m between 2Q and 3Q 2009. On a regional basis, the north west saw the biggest increase in the value of its exports during this period – 14% or £776 million – of any part in the UK.
The free exporters package offers UK businesses an exporter review, helping them to identify new opportunities for growth yet maintain a healthy cash position. The review will cover issues such as:
- Analysis of the countries to which they currently sell, or are planning to.
- Review of the company’s credit and risk management processes.
- Buyer credit and collection assessment.
- Current funding structure analysis and recommendations.
Graham Reynolds, head of SME for RBS Global Transaction Services, said: “Exporting can seem a complex activity with a lengthy order to cash cycle, and we’re here to help simplify the process and offer all the support we can. In addition to having a strong product that appeals to overseas markets, you need to be able to assess your prospective customer’s credit standing as well as cross-border collection risks. You also need to have a strong understanding of the specific risks you face in exporting. That is why we have developed a dedicated suite of materials and services that provides UK exporters with all the information they need to be successful.”
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