Data from the Middle East’s largest plastics show indicate a strong return on international trade grants for UK plastics companies.
Arabplast 2019 was held in Dubai in early January. The British Pavilion was run by the British Plastics Federation (BPF) and was made up of 14 companies from across the plastics supply chain. Following the event, companies reported that the average business won as a result of exhibiting is expected to be nearly £180,000.
Nine of the British Pavilion exhibitors were supported by Department for International Trade (DIT) grants, suggesting that for every £1 of government support, the UK economy gets a return of £72.
Commenting on the findings, BPF senior business development executive Justyna Elliott said, “Arabplast 2019 and other foreign exhibitions provide a great platform to meet new clients, local agents, distributors and potential partners.
“We know from years of experience that government support via DIT’s Tradeshow Access Programme is hugely appreciated by companies and encourages them to explore new markets and develop their international trade links.
“We are therefore delighted to report that there is such a healthy return to the UK economy, especially during such uncertain times for UK businesses.”