Following last year’s announcement to double export lending to £3bn, the government pledged a continued commitment to improving economic ties in emerging markets in the 2015 Budget.
George Osborne revealed plans to nearly double funding for UK Trade and Investment activities in China to £15m. While the announcement was fairly modest, it was welcome news for growing businesses.
Some commentators said that it may be risky to focus pumping too many new resources into opening up China to UK exporters. It would seem wiser to spread or extend resources to help UK businesses export to a wider range of overseas markets, so that UK exporters can make the most of other markets in addition to China and the Eurozone.