Trade and Economy
What’s holding us back?
Global trade barriers, a lack of new trade agreements, and volatility are limiting exports. Local economies are not benefiting from national infrastructure projects due to procurement favouring larger companies, and an antiquated business rates regime, are a growing burden on small businesses, which make up 98% of the region’s firms
Why we need action
With the right investment and policy changes, we can increase exports, support small businesses, and strengthen the East’s role in driving UK economic growth.
What we need to succeed
More trade agreements – Securing agreements with important emerging markets, the US and EU.
More International Trade Advisors – Expanding support for businesses looking to enter international markets.
Boost green, life sciences & advanced manufacturing exports – Promoting and growing exports in high-potential sectors to enhance regional and national competitiveness.
Greater digitalisation & export support – Helping businesses embrace digital tools to improve efficiency and expand their reach.
Better local procurement for major projects – Ensuring more local businesses can access opportunities in major projects.
A fairer business tax system – Advocating for tax reforms that support business growth and investment.
Chambers East is setting up local supply chain initiatives, encouraging inward investment and is providing international trade advice tailored to the needs of the East’s businesses