Last reviewed 11 September 2020
A “bounce-back” plan of trade measures for the consumer and retail industry has been announced by the Department for International Trade (DIT) to help support businesses impacted by coronavirus.
Exports Minister Graham Stuart has announced a series of new measures to help boost exports and increase British retail firms’ readiness to sell overseas.
New plans include creation of a Consumer and Retail Export Academy to help businesses export, using a digital learning syllabus. An International Clicks Fast Track Initiative will offer access to new DIT partnerships with business-to-business marketplaces, increasing the routes to market following store closures due to Covid-19.
The new measures will offer immediate support to businesses by ensuring specialists provide advice on online retail and international marketplaces, Mr Stuart explained. Additionally, the launch of the new academy will provide them with the critical knowledge, skills and networks needed to increase exports.
E-commerce will be at the heart of the plans, with measures tailored to help consumer and retail businesses develop international, multi-channel, e-commerce strategies fit for the changed retail environment.
The Omnichannel Optimiser Initiative will provide tailored advice for consumer and retail businesses to help them develop an international multi-channel strategy to help them succeed online.
Mr Stuart said: “More trade and investment is absolutely critical if the industry — and our whole economy — is to overcome such challenges. These measures provide both short and long-term support for businesses that employ so many people across the UK.”