The Department for International Trade (DIT) has launched the Security Export Strategy, a 23-page document setting out how the Government will ensure that UK companies remain at the forefront of growing global demand for security exports and services.
This builds on the Government’s 2018 Export Strategy and sets out how, going forward, the UK will harness its global network, DIT’s Trade Commissioners and cross-Government network in order to support the specific needs of companies serving the security and resilience sector.
This will be done by encouraging businesses to export, providing export “know how” and guidance, connecting them with partners in the UK and overseas and ensuring that no viable UK security export fails for a lack of finance or insurance from the private sector through promotion of the UK Export Finance offer to business
Liz Truss, Secretary of State for the Department for International Trade, said: “Britain’s security exports market is booming. Last year alone, businesses collectively saw their overseas sales reach £5.2 billion. This Government is committed to seeing that figure grow this year and beyond. This strategy seeks to do just that. By providing support for businesses, harnessing the UK’s global network using DIT’s Trade Commissioners and promoting the UK Export Finance offer to business, we will ensure they remain at the vanguard of security exports and services.”
Building on the Collaborative Agreement signed with the UK’s Security and Resilience Industry Suppliers Community (RISC) in March 2019, the strategy outlines how the Department for International Trade, wider Government and the sector in general will continue to work in partnership to bring the best of British innovation to a global audience.
The news has been welcomed by Paul Everitt, CEO at ADS, who stated: “The UK’s security and resilience sector is now worth £13.3 billion to our economy, and the Security Export Strategy will help it to further increase this vital contribution. This industry exported goods and services worth £5.2 billion last year to markets around the world, in areas including Critical National Infrastructure (CNI), policing and counter-terrorism. We look forward to working with the Government on implementing this export strategy and helping hundreds of innovative UK companies in the sector to access new overseas opportunities.”
The ADS UK Security and Resilience Outlook 2019 published this week shows that the sector’s annual turnover has risen by 142% since 2010. It now employs 114,000 people, among them 3,000 apprentices. Cyber security is the largest area for exports at 40%, followed by capabilities including CNI (23%), services (16%) and policing and counter-terrorism (14%).