Small Business is Serious Business for the UK
June 20, 2013
Here at Gaia-Wind we were chuffed when I was invited last week to join the Prime Minister and Vince Cable at 10 Downing St to celebrate the role of SMEs in the UK’s economy. So it was heartening to hear the news from Scottish Enterprise that more than 80% of Regional Selective Assistance offers accepted during 2012/13 went to small or medium-sized enterprises. This meant some £20.2 million went to SMEs.
In the beautiful setting of the rose gardens at No 10, I was able to confirm David Cameron’s view that SMEs are not only important for growth but that SME’s should build an export position in emerging economies because growth is happening there. Gaia-Wind, I was pleased to say has been exporting from day one: Currently over 20% of our production goes abroad which we will grow to over 50% within the next 3 years.
The Prime Minister also said that “Only one in 5 SME’s are exporting, if that could be turned into one in four, the trade deficit would be gone.” As far as we are concerned the government is pushing at an open door: export growth is equally vital for Gaia-Wind as it is for the UK economy. Adding to that, economic growth always comes with growth in energy demand which creates fantastic opportunities for independent and distributed energy. We did make the point though that a strong export position should always be built on a stable and strong home market, which Denmark, Germany and Spain have proven in the Renewable Energy and more specifically in the Wind Industry. We need the UK government to make sure that we have a home market for our product, in order to sustainably drive our export activities.
I also had the chance to speak to Business Minister Vince Cable who has strong links with Glasgow having not only studied and lectured at Glasgow University but also was a Labour! Councillor in the city and knows our area well. As you can imagine I took the opportunity to reinforce the message that SME’s were not well served by the banking sector. He thought that the recently initiated Business Bank could start making a difference – We’ll be the judge of that.
Please add a comment
Leave a Reply
Got an enquiry about a news article, press release, or event?
Contact Gaia-Wind today by calling +44 (0) 845 871 4242, or email us for more information.
Gaia-Wind 133-11kw turbine
- High energy yield
- Feed in tariff eligible
- Clean energy