Funding to boost food exports

Additional funding to help British firms export food and drink has been announced by the Food and Drink Federation (FDF).

FDF’s director of economics and commercial services Steve Barnes explained that money will come from the Department for Business, Innovation and Skills (BIS). According to Barnes, the funding is much-needed and will help SMEs capitalise on export opportunities.

Barnes said: “Food and drink exports are key to the industry’s ambition of 20% growth by 2020 and exports continue to grow year-on-year, with manufacturers exporting over £12bn-worth of food and non-alcoholic drinks in 2011, up 11.4% on the previous year.

“The UK food and drink industry produces some of the world’s best-loved brands and we lead the world in product innovation. Demand for British food and drink brands abroad is high, as is competition in the international marketplace. We encourage UK firms that have not yet begun exporting to consider how exporting could help them realise their full potential.”


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