MoD Pledges to Encourage Small Business And Export Drive
21st December 2017.
The Ministry of Defence (MoD) is introducing new measures to help companies sell their products abroad, as well as encourage more small companies to get involved.
Gavin Williamson, the new Secretary of State for Defence, will reveal a “refresh” of the defence industrial policy, where businesses will be engaged earlier and concentrate on delivering wider economic benefits to the UK.
An early focus on the “exportability” of products is a special focus of the updated policy, with new products being developed with international demand in mind, and supported by foreign sales campaigns.
To help get more SMEs involved in the sector as well as larger companies who can deliver innovative products, contracts are also being simplified.
Mr Williamson said: “We are British industry’s biggest customer and we are committed to exporters and SMEs to ensure they and our military remains the envy of the world.”
The strategy comes just as the UK’s defence spending comes under massive pressure. The 10-year plan set out in the 2015 strategic defence, which pledged to spend £178 billion on military transport, is in danger of becoming unaffordable.
Worries about a funding black hole have been exacerbated by the fall in the Pound since the EU referendum.
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
Keep up to date with the latest news by following us on social media:-
Watch the video to find out how CPA can help you!
Read our blog – Debt collection agency
Read our Cash Flow Advice
Read about our overdue account recovery service
Read our blog – What is credit management?
Read our blog -What is a credit management company?
Read our blog -Credit Management that works!
Read our blog – How to select a debt collection agency
click to see read about our successes
Please call us on 0330 053 9263 to discuss how CPA can help your cashflow. Alternatively, either email us or use our contact form.