Small and medium size businesses in Wales have secured export
deals worth over £320m as a direct result of Welsh Government
support since the launch of the Export Action Plan in December
2020.
Welsh Government export support for SMEs ranges from detailed
market research on new market opportunities, finding new
customers and getting out to market to strengthen relationships
and win new business.
It follows a fruitful 2024 for trade missions led by the Welsh
Government, helping introduce more than 150 businesses across
Wales to potential customers in a range of strategic export
markets. These included supporting businesses in the life
sciences sector to exhibit at Medica, in Dusseldorf, and Fintech
companies to attend Money 2020 in Amsterdam.
One company which has significantly boosted its turnover through
exporting, supported by the Welsh Government, is Brainbox Ltd.
The Cardiff-based business, which specialises in non-invasive
brain stimulation and brain imaging equipment for neuroscience
research, has secured new export deals worth around £5m and
counting.
Brainbox Commercial Director Dan Phillips said:
“Exporting internationally has been crucial to our success at
Brainbox; it's allowed us to showcase our integrated neuroscience
solutions to a global audience, and remain at the very cutting
edge of ongoing research and product development.
“Thanks to the Welsh Government's support, we've been able to
launch several new products on the international market, build
strong relationships with customers and suppliers, and achieve
significant growth over the last five years. It's a great example
of how tailored trade support can help businesses like ours
thrive on the world stage.”
2025 is set to be another busy year for Welsh Government trade
missions with seven overseas trade events taking place by the end
of March.
This includes the Welsh Government supporting businesses to
exhibit at the Arab Health healthcare expo in Dubai this week; to
travel as part of a Trade Mission to Singapore and Malaysia next
month, as well as attending Gulfood in Dubai; and to attend the
Foodex trade show in Tokyo and the Game Developers Conference in
San Francisco in March.
The annual Explore Export Wales conferences will also be held in
March this year. Organised by the Welsh Government, the event
brings together the ‘Export Ecosystem' of support available to
businesses in Wales under one roof to provide advice and guidance
on all aspects of exporting.
Cabinet Secretary for Economy, Energy and Planning, , said:
“Exporting has the power to transform SMEs, allowing them to grow
as a business, expand their workforce and become more resilient
in a competitive global economy. That's why export support for
businesses in Wales is a high priority for this Welsh Government.
“Despite challenges in recent years, the significant value added
to the Welsh economy as a direct result of our work in this area
speaks for itself, and I look forward to seeing our Export Action
Plan continue to deliver vital export support for businesses
across Wales in 2025.”
Notes to editors
Explore Export Wales 2025
| Business Wales - Export
