Pictured above: NSC Creative team
Leicestershire and East Midlands firms should take more
advantage of export opportunities to grow this spring, according to
Peter Hogarth, International Trade Director for UK Trade &
Investment East Midlands (UKTI).
Latest statistics, to the end of December 2010, show that while
export of manufactured goods had increased throughout the UK, the
East Midlands had the smallest regional rise of 3.1 per cent,
compared to the same period in the previous year. Total export
sales for the region in 2010 were worth more than £15
billion.
Peter Hogarth said:
"Now we're in the new financial year it's the perfect time for
local firms to recognise how it makes good business sense to
export. Firms that do are proved to be more innovative, productive,
profitable and resilient.
"It's disappointing that our region is still falling behind
other parts of the country by having the lowest increase in exports
for 2010, particularly when there are so many examples of firms
flourishing."
One firm proving how lucrative exporting can be is award-winning
NSC Creative, based at the National Space Centre in Leicester. It
specialises in large format, immersive experiences including
planetariums, fulldome films and stereoscopic 3D. Its
overseas sales increased by 50 per cent in 2010 and now accounts
for more than half of all orders. Staff numbers have doubled from
six to 12 on the back of this overseas success.
Business Development Manager, Ruth Harvey said:
"Working with UKTI and going on its Passport to Export programme
has helped us increase export sales by 50 per cent in 2010. UKTI
has helped raise our profile in new, growing markets. UKTI advisers
also assisted in setting up several overseas distributors that help
maximise our market presence.
"We are currently creating a fulldome film to form part of the
new Children's Museum in Cairo, as well as a fog screen, which
omits fog from a projection screen. It will be opening later this
year.
"Already in 2011 we've sold several new show licenses in places
ranging from Hong Kong to New Delhi. Overall we have licensed
shows in 30 countries and that number is steadily increasing: given
the current global economic climate this is quite a feat.
"Last year UKTI arranged for us to have a stand at the
International Planetarium Society's (IPS) biannual conference held
in Alexandria. This was a great networking opportunity for us and
another excellent chance to raise our profile."
Peter Hogarth said:
"NSC Creative is proving that you don't have to be a big
business to go global - around 90% of local companies UKTI helps to
export are SMEs. And if a company can sell a product in the UK, it
can be sold anywhere by adapting it to suit the market.
"This company is helping reinforce the UK's strong reputation
for creative industries and I hope even more Leicestershire firms
follow its example, particularly as there are so many opportunities
for local firms in emerging high-growth markets such as the CIVETS
- Columbia, Indonesia, Vietnam, Egypt and Turkey - thanks to their
rapidly-expanding consumer bases.
"NSC Creative also shows that exporting needn't be daunting.
UKTI advisers and services can help any business prepare to do
business overseas by finding the right market and making the right
contacts."
As part of the Government's growth agenda, Cabinet Minister
Oliver Letwin recently visited the company and was shown
examples of its work. He said
"NSC Creative is a really inspiring example of British
creativity and technological innovation. I hope the company
continues to enjoy future successes throughout the UK and
internationally."
Ruth Harvey's top advice for companies looking to start
exporting is:
• Contact your local UKTI representative on 0845 052
4001and sign up to the 'Passport to Export' programme. This has
been invaluable as it helped give us tailored help and advice and
boosted our market presence.
• Get to know your market and target one market at a
time.
• You either need to get a trusted distributor to help
promote and sell your service/product or be prepared to put the
miles in yourself. Don't underestimate the power of face to
face time.
• Adapt your product. Each country will have varying needs
and culture and that must be reflected; even in English-speaking
markets NSC has had to consider the choice of narrator for films
and also the use of English humour.
• Sign up to a UKTI culture and language course. This gives
insight into the varied business culture in any new country and the
confidence to approach a new market.