Region’s exporters have major role in UK economic recovery

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Local exporters could play a major role in the economic recovery, South Yorkshire business leaders have been told.

Latest figures show that UK exports are rising, including those from South Yorkshire, and there is hope that exporters can make a real impact on economic growth, Yorkshire Bank economist Nick Parsons told 120 business leaders attending a seminar staged by the Bank’s South Yorkshire Financial Solutions Centre.

“The great hope for exporters, including those from strong manufacturing areas, such as South Yorkshire, is that they can repeat the performance of 1994 to 1996 when exports rose by an average of nine per cent per year,” said Mr Parsons.

“Signs in very recent data show a pick-up in UK exports, in which goods represent 60 per cent of overseas sales. This shows that, around the world, there is still strong demand for the high quality goods made in the UK.

“We are seeing growing overseas demand for the type of quality products this region is rightly famous for. I’m continually impressed by better-than-expected news from South Yorkshire and North Derbyshire, and it is clear that this region can, and will, play a role in the UK’s economic recovery.”