Just Cashflow partners with Institute of Export & International Trade
John Davies

Just Cashflow partners with Institute of Export & International Trade

Just Cash Flow PLC (Just Cashflow) has teamed up with the Institute of Export & International Trade to help improve SMEs' knowledge of exporting.

Research commissioned independently by the SME lender found that only 44% of small businesses would consider exporting, while 92% of mid-sized businesses would look at exporting.

The study also found that 44% of SMEs were frustrated about not knowing who to turn to about exporting goods and services and subsequent issues.

The new partnership hopes to make SMEs more aware of exporting as Just Cashflow’s customers will have access to the institute’s suite of training and qualifications, as well as advice on best practices.

John Davies, CEO and founder at Just Cashflow (pictured above), said it was committed to helping well-run SMEs invest and grow.

“Our research – as well as our own observations in speaking to our customers – has shown that there is a clear knowledge gap among SMEs when it comes to international trading, which is hindering their growth.

“We strongly believe that banks and lenders, such as ourselves, have more of a responsibility than just providing finance to their customers.

“This is especially true as more uncertainty around Brexit unfolds, which is why we feel it is necessary to provide more guidance on the topic.”

Lesley Batchelor, director-general of the Institute of Export & International Trade, added: “We know that everything in international trade takes a significantly longer time than in the local market, which makes planning and managing cash flow a vital element of the process.

“This is a key focus area in our qualifications and training to help ensure businesses are not caught short.

“We welcome Just Cashflow and [its] innovative solutions for SMEs as corporate partners and look forward to working with them to ensure global traders can trade freely without the concerns of transactions to hinder their growth.”

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