Poor transport links pull down export growth
BRITAIN’S shift towards export-led growth is being slowed by poor and expensive transport connections, according to a survey of businesses published today.
Companies are seeking new markets, with 32 per cent exporting up from 22 per cent a year ago, the British Chamber of Commerce’s latest survey of 8,000 companies showed.
However, a further 41 per cent are put off exporting by the cost of international transport connection, 20 per cent said poor connections are a barrier to exporting and 23 per cent reported concern over domestic infrastructure.
The Chambers called on the government to put in place a “comprehensive aviation strategy” to boost airport capacity in the south east and improve regional airports’ international connections.
A national infrastructure bank may also help encourage private sector investment, the business group said, while toll roads would provide funds for new capacity at “pinch points,” particularly around locations like ports.
“Encouraging more British firms to export should be the government’s number one priority, and exports are vital to creating and sustaining an economic recovery,” said BCC director general John Longworth.
“We need to unlock the potential of our existing and future exporters by improving transport links, both locally and nationally, and by slashing burdensome regulation that deters companies from taking their business abroad.”