It’s a considerable boost to emita, who are tasked with supporting government export body, UKTI, to increase the region's exports to contribute to the national target of 100,000 more SMEs exporting by 2020.
Paul Turk, HSBC's Area Commercial Director based at Leicestershire Commercial Centre, said:
"The East Midlands enjoyed a strong 2012 with exports rising to £18.3 billion, up from £17.7 billion the previous year. This was the third annual increase in succession and gives companies in the region a great platform on which to build exports, and that is why we are pleased to be involved with the East Midlands International Trade Association. The East Midlands has some fantastic businesses, both large and small, leading the field in the export market and we want to help companies continue this growth path.
“HSBC is well-placed to help companies export and I’d urge East Midlands businesses to talk to us about their plans. We have made at least £5 billion of lending available to businesses with a turnover of up to £25 million through our 2013 International SME Fund. This multi-billion pound fund will help SMEs and entrepreneurs in the East Midlands to access or grow in markets across the world and fulfil their international ambitions.”
Susan Hallam, Chairman for emita said:
"We are very pleased to have HSBC join us, with their long standing support of local businesses and their commitment to promoting international trade. By teaming up with such a strong international organisation we are able to further boost our support to local companies who want to use export as a route to business development and prosperity."