Search

East of England businesses looking to China and Australia for post-Brexit exports – research

Two out of three East of England business leaders in the mid-market are looking beyond Europe for export growth, says Mills & Reeve. Picture: Andrew Matthews/PA Wire

Two out of three East of England business leaders in the mid-market are looking beyond Europe for export growth, says Mills & Reeve. Picture: Andrew Matthews/PA Wire

More than two-thirds (68%) of the East of England’s mid-market businesses are looking to increase exports beyond Europe because of Brexit, according to research.

Top 100 partner, James Hunter, Mills & Reeve. Picture: DENISE BRADLEYTop 100 partner, James Hunter, Mills & Reeve. Picture: DENISE BRADLEY

China and Australia are among the most popular targets, says Mills & Reeve’s Defying Gravity report, which also found 60% of leaders admit that a ‘no deal’ outcome in EU negotiations would harm their business.

Despite the difficulties – which includes 62% reporting falling demand – 83% of firms in the mid-market plan to increase turnover this financial year, by an average of 22%.

James Hunter, head of the firm’s Norwich office, said: “Despite current uncertainties surrounding Brexit, it’s encouraging to see leaders remaining buoyant and setting their sights high for the future. This confident but flexible approach will help mid-market businesses keep their position as the driving force of the British economy.”

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Insight

Holden is a name associated with the motor trade in Norfolk for 90 years. Motoring editor Andy Russell chats to current CEO Tim Holden, third generation in the family motor group, about how it has become a nationally-recognised driving force.

As diesel car registrations drop, more and more motorists are becoming aware of the benefits of hybrid cars and how easy they are to drive. Toyota’s pioneering role in hybrid technology means nearly half its total sales now combine petrol and electric power, says motoring editor Andy Russell.

Women in Business

cover

Enjoy the
Women in Business
digital edition

Read

Business East

cover

Enjoy the
Business East
digital edition

Read

Celebrating Success

cover

Enjoy the
Celebrating Success
digital edition

Read

B2B Exhibition

cover

Enjoy the
B2B Exhibition
digital edition

Read

Green 100

cover

Enjoy the Green 100
digital edition

Read

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100