According to the latest independent statistics, released by the ONS on Monday, 11 June, UK exports rose 7.4% (£43.3 billion) to £625.4 billion to the end of April 2018 compared to the same time last year.
Exports continue to grow faster than imports for the tenth month continuously with the overall trade deficit narrowing by £6.7 billion from £37.5 billion to £30.8 billion.
Regency have seen an increase in our clients requesting guidance and support on exporting to both the EU and beyond. Most recently we have provided finance to a client who manufactures high end shoes and who has taken the step of exporting to department stores across the globe, such as Galeries Lafayette in Paris and David Jones and Myer in Australia. Our client felt that a global expansion was the best way to grow his business and felt that trade finance would assist him in this dream.
For more than 20 years we have been structuring innovative financial solutions for our clients. Our goal is to help business to grow, to put decades of professional financial expertise to work to ensure that this happens, and to do so in an ethical and responsible fashion, offering each and every client the support and guidance they require.