The Department for International Trade (DIT) has launched the Security Export Strategy, a 23-page document setting out how the Government will ensure that UK companies remain at the forefront of growing global demand for security exports and services.
The document builds on the Government’s 2018 Export Strategy and sets out how the UK will harness its global network, the DIT’s Trade Commissioners and cross-Government network in order to support the specific needs of companies serving the security and resilience sector.
This will be done by encouraging businesses to export, providing export “know how” and guidance, connecting them with partners in the UK and overseas and ensuring that no viable UK security export fails for a lack of finance or insurance from the private sector through promotion of the UK Export Finance offer to business.
Liz Truss, Secretary of State for the Department for International Trade, said: “Britain’s security exports market is booming. Last year alone, businesses collectively saw their overseas sales reach £5.2 billion. The Government is committed to seeing that figure grow this year and beyond. This strategy seeks to do just that. By providing support for businesses, harnessing the UK’s global network using DIT’s Trade Commissioners and promoting the UK Export Finance offer to business, we will ensure they remain at the vanguard of security exports and services.”
Building on the Collaborative Agreement signed with the UK’s Security and Resilience Industry Suppliers Community (RISC) back in March, the Security Export Strategy outlines how the DIT, wider Government and the sector in general will continue to work in partnership to bring the best of British innovation to a global audience.