BDO comments on newly announced trade and investment hubs

23 March 2021

Commenting on the Government’s announcement today that it intends to establish four trade and investment hubs to be located in Edinburgh, Cardiff, Belfast and Darlington, Simon Bird, a director in BDO’s manufacturing team commented:

“It is good to see the Government invest in trade hubs which is something we called for in our recent Manufacturing Manifesto. Once operative, these will help UK exporters maximise their export potential and gain better access to new trading markets.

“However, we would like to have seen the Government go further. Whilst we welcome the fact that new hubs are all outside of London and the South East, significant manufacturing regions such as the Midlands and North West which make up a large portion of the UK’s exports are conspicuous by their absence.  We would also encourage the Government to go further, with a view to creating an exporting academy in partnership with international advisers, similar to the one announced for the tech sector back in June 2020.

“Small steps in the right direction are certainly welcome, but it would be great to see the Government be bolder and really provide the manufacturing sector with the support it deserves.”

ENDS

Note to editors

Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world. 

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.  

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.  

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