A new online information hub will help small and medium-sized enterprises (SMEs) export their products and services around the world, it has been suggested.

The new service, launched by the Government this month, aims to support the smallest exporters in the wake of Brexit.

According to the Department for International Trade (DIT), the “one-stop-shop” will help small businesses get to grips with new rules and processes for moving goods to Europe and the rest of the world.

This includes information and advice on the Rules of Origin, registering for VAT, simplified declarations procedures, customs and immigration, international regulations and licenses, and how to obtain an Economic Operators Registration and Identification number (EORI number).

The digital advice hub and hotline will also help businesses move goods between Great Britain and Northern Ireland.

Commenting on the new service, Federation of Small Businesses National Chair Mike Cherry said: “In our recent export report we called for a single query point to help small businesses looking to either expand or begin their exporting journeys.

“So we are pleased that government is now creating just that. Done right, this will be a major boost for small firms raising their sights to new growth markets around the globe.”

Confederation of British Industry’s International Director Andy Burwell added: “A free to use service to help businesses navigate trading with the UK’s biggest market will be hugely beneficial, particularly to SMEs.”

According to the latest statistics, the UK exported some £288 billion of goods to Europe in 2020. The new service, however, is expected to accelerate trade by around £20 billion per year.

Click here to access the new digital service.

For help and advice with related matters, please get in touch with our team today.