What are the common costs of entering new markets for UK small and medium sized enterprises and what are the success rates in recovering these costs through new sales?
Background
Given the benefits of engaging with the international economy through goods and services exports, this form of trade facilitation focuses on transparency, as firms are supported in navigating complex processes associated with international market access. Evidence may should help target this support where there exist market failures.
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Topics
Related UKRI funded projects
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University of Ulster NISRA BDR Programme
The proposed research aims to improve our understanding of the relationships between firms' engagement in markets external to Northern Ireland (NI) and their performance. The overall aim of the project would be to develo...
Funded by: ESRC
Why might this be relevant?
The project aims to improve understanding of the relationships between firms' engagement in markets and their performance, which directly relates to the question about the costs and success rates of entering new markets for UK SMEs.
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Ulster University "NISRA BDR Programme"
This project will form part of the beta testing of the NISRA de-identified Business Data for Research (BDR) database in advance of the data being made available for wider use by approved researchers within the Administra...
Funded by: ESRC
Why might this be relevant?
The project uses newly available datasets to provide insights on the determinants of trade flows for NI businesses, including the impact of Brexit, which directly relates to the question about the costs and success rates of entering new markets for UK SMEs.
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Trade in Northern Ireland: Characteristics of businesses and workers
The vision for a 10x Economy sets out clear ambitions for Northern Ireland to focus on areas where Northern Ireland can be a global leader, in order to "Position Northern Ireland to be amongst the most competitive s...
Funded by: ESRC
Why might this be relevant?
The project focuses on the nature of trading firms and the scale of employment supported by exporting in NI, which does not directly address the question about the costs and success rates of entering new markets for UK SMEs.